Commonwealth Consolidated Regulations

NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - REG 105G

    For paragraph   179A(2)(d) of the Code, the matters that must be contained in a statement of amount payable on the termination of a consumer lease are the following:

  (a)   the total amount to be paid, on the date of the statement, to terminate the lease;

  (b)   the amounts the lessee is liable to pay to terminate the lease, expressed as an amount for each month from the date of the statement;

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

  (d)   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.