Sch 1 (National Credit Code), s 179VC
In forceEntering into a consumer lease for an indefinite period in the course of constitutional trade and commerce
Volume 2Chapter 7 (sections 323 to 337), Schedule 1, Endnotes
Chapter 7Miscellaneous
Part 1Preliminary
179VC Entering into a consumer lease for an indefinite period in the course of constitutional trade and commerce
Requirement
(1)
A lessor must not, in the course of constitutional trade and commerce, enter into a consumer lease for an indefinite period unless the lessor is a constitutional corporation.
Civil penalty: 5,000 penalty units.
Offence
(2)
A person commits an offence if:
(a)
the person is subject to a requirement under subsection (1); and
(b)
the person engages in conduct; and
(c)
the conduct contravenes the requirement.
Criminal penalty: 100 penalty units.
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