Chapter 3-Specific protections

Part 3-2-Consumer transactions

Division 2-Unsolicited consumer agreements

Subdivision B - Negotiating unsolicited consumer agreements

76 Informing person of termination period etc.

A dealer must not make an unsolicited consumer agreement with a person unless:

(a) before the agreement is made, the person is given information as to the following:

(i) the person's right to terminate the agreement during the termination period;

(ii) the way in which the person may exercise that right;

(iii) such other matters as are prescribed by the regulations;

and

(b) if the agreement is made in the presence of both the dealer and the person-the person is given the information in writing; and

(c) if the agreement is made by telephone-the person is given the information by telephone, and is subsequently given the information in writing; and

(d) the form in which, and the way in which, the person is given the information complies with any other requirements prescribed by the regulations.

Note: A pecuniary penalty may be imposed for a contravention of this section.