Queensland Consolidated Acts Queensland Consolidated ActsNow that the goods you hired have been repossessed you will be entitled to get them back--
(a) If, within 21 days, you require the owner, by a notice in writing signed by you or your agent to redeliver the goods to you and if, within 14 days after giving the notice, you reinstate the agreement by paying the arrears and remedy the following breaches of the agreement (or pay the owner s expenses in remedying them) :
The owner's estimate of the amount you must pay to reinstate the agreement is:--
Arrears of instalments $
Cost of storage, repair or maintenance $
Cost of repossession $
Cost of redelivery $
Total $
_____________
or
(b) If, within 21 days, you give notice of your intention to finalise the agreement and pay the balance due under the agreement and costs of the repossession :
The owner's estimate of the amount required to finalise the agreement is:--
Total amount payable under the agreement $
Less deposit and instalments paid $
Balance due under agreement $
Less statutory rebates $
Add cost of repossession $
Storage, repair, or maintenance $
Total $
If you don't reinstate or finalise the agreement you will be liable for the owner's own loss unless the value of the goods repossessed is sufficient to cover your liability. If the value of the goods is more than sufficient to cover your liability you will be entitled to a refund.
The owner's estimate of the value of the goods repossessed is $
entitled to a refund of $
*On the basis of that estimate you are
liable to pay the owner $
NOTE--You may give a written notice to the owner requiring the owner to sell the goods to any cash buyer you can introduce who is willing to pay the owner's estimate of the value, i.e. †.
* Strike out whichever inapplicable.
† Insert owner's estimate of value.
DO NOT DELAY
Action to enforce your rights should be taken at once. You will lose your rights twenty-one days after the service or posting of this notice if you do not take action.
If you think you have rights under the Hire-purchase Act 1959, you should seek advice at once.
NOTE--Where this notice is sent to a guarantor it shall be endorsed as follows--
This notice is sent to you as guarantor of
As guarantor you have certain rights under the Hire-purchase Act 1959, and you should seek advice at once.