National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE  

Note:

See section 3 of the National Credit Act.

PART 11 - CONSUMER LEASES  

Division 8 - Repossession, termination and enforcement of consumer leases  

Subdivision B - Termination of consumer lease by lessee  

179   Termination after goods have been provided  

Early termination of consumer leases for fixed terms

179(1)    

A lessee may, at any time before the end of a consumer lease for a fixed term, end the lease by returning the goods hired under the lease to the lessor during ordinary business hours or at such other time as may be agreed with the lessor or fixed by the court on the application of the lessee.

Consumer leases for indefinite periods

179(1A)    

A lessee under a consumer lease for an indefinite period may, at any time, end the lease by returning the goods hired under the lease to the lessor:

(a)    during ordinary business hours; or

(b)    at such other time as may be agreed with the lessor or fixed by the court on the application of the lessee.

Amount payable by lessee on termination

179(2)    

The amount payable by a lessee on the termination of a consumer lease under this section is:

(a)    the amount payable under the lease on such a termination; or

(b)    the amount determined in accordance with the principles (if any) set out in the regulations for the purposes of this section;

whichever is the lesser.