Commonwealth Consolidated Regulations

NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - REG 105C

    For subsection   175H(1) of the Code, the information to be contained in an end of lease statement is the following:

  (a)   the date when the consumer lease ends;

  (b)   a statement that the goods leased under the consumer lease must be returned;

  (c)   the total amount that the lessee will pay for the goods under the consumer lease (assuming that the lessee will make each payment on the dates required by the consumer lease);

  (d)   the date when the goods must be returned;

  (e)   the following information about the return of the goods:

  (i)   if the goods can be collected by the lessor--a statement that the goods can be collected by the lessor, the particulars of how the collection can be arranged and an estimate of the costs (if any) that may be charged for the collection of the goods;

  (ii)   if the goods are to be returned by the lessee--a statement that the goods must be returned to the lessor by the lessee and the particulars of how and where the goods are to be returned;

  (f)   the amounts the lessee is liable to pay if the goods are not returned, expressed as an amount for each month that the goods are not returned;

  (g)   a statement as to whether the lessor is prepared to negotiate the sale of the goods;

  (h)   if the lessor is prepared to negotiate the sale of the goods:

  (i)   an estimate of the sale price of the goods; and

  (ii)   contact details for the person through whom the sale of the goods may be negotiated.