Right to revoke offer is paramount

In force

(1)

A provision in an agreement to the effect that a person does not have a right to revoke an offer to enter into a regulated contract—

(a)

before the offer is accepted; or

(b)

in a case where, at the time of the acceptance, the person could not reasonably be expected to know that the offer had been accepted, before notice is given of the acceptance—

or that such a right is restricted or modified, is void.

(2)

A credit provider shall not enter into an agreement that includes a provision that, by reason of subsection (1) is void.

20 penalty units.

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77 Right to revoke offer is paramount