Australian Capital Territory Consolidated Acts

LAY-BY SALES AGREEMENTS ACT 1963 - SECT 13

    (1)     The property in goods, the subject of the lay-by sale agreement, passes to the buyer—

        (a)     if the goods are in the possession of the seller at the time when the lay-by sale agreement is made—at that time; or

        (b)     if the goods are not in the possession of the seller when the lay–by sale agreement is made—at the time when they are inspected and approved by the buyer.

    (2)     The passing of property in goods, the subject of a lay-by sale agreement, under subsection (1) is conditional on its revesting in the seller on the determination of the lay-by sale agreement.