S 62(4) if consumer cancels the agreement before paying the last instalment OR does not complete payment for the goods on layby within 60 business days after date as agreed upon

The supplier may

a) charge a reasonable termination penalty in respect of those goods, max 1% of full purchase price

b) after deducting any such termination penalty, must refund the consumer any amount paid by the consumer under that agreement.

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Comments:

VBB - SU 10(1) Accountability of Consumers.

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