s 29
In forceNotice of rescission etc. to linked credit provider
Part IIContracts of sale
29 Notice of rescission etc. to linked credit provider
A supplier who becomes aware that a contract of sale by him is rescinded or discharged, being a contract of sale in respect of which the supplier knows a linked credit provider of the supplier has—
(a)
entered into a tied loan contract with the buyer; or
(b)
entered an amount in an account of the buyer kept by him under a tied continuing credit contract in relation to the contract of sale—
shall forthwith give notice of the rescission or discharge to the linked credit provider.
- 10 penalty units.
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