Australian Capital Territory Consolidated Acts

LAY-BY SALES AGREEMENTS ACT 1963 - SECT 7

A seller under a lay-by sale agreement shall give to the buyer, at the time the agreement is made—

        (a)     a sales docket containing the following particulars:

              (i)     a description of the goods including, if the goods are second-hand goods, a statement that the goods are second-hand goods;

              (ii)     an itemised statement of the purchase price of each article comprising the goods;

              (iii)     the recorded number of the lay-by sale agreement in the record kept by the seller under section 6; and

        (b)     a copy, printed in type not smaller than 10 point Times and signed by the seller or by the person who enters into the agreement on his or her behalf, of the terms and conditions of the agreement as reduced to writing; and

        (c)     a written notice containing a summary, in accordance with the form set out in schedule 1, of the provisions of sections 5, 7, 12, 15, 16 and 17.

Maximum penalty: 20 penalty units.