(1) The maximum amount of a deposit for the supply of a kit home is 10% of the
contract price. A
"deposit" for the supply of a kit home is a payment on account before delivery
of part of the kit home is made under a contract to supply a kit home.
(2) A
person must not--
(a) demand or receive payment of a deposit for the supply of
a kit home if the amount of the deposit exceeds the maximum imposed by this
section, or
(b) enter into a contract under which the person is entitled to
demand or receive payment of a deposit for the supply of a kit home if the
amount of the deposit exceeds the maximum imposed by this section.
: Maximum
penalty--1,000 penalty units in the case of a corporation and 200 penalty
units in any other case.
(3) The regulations may make provision concerning
how a contract price is to be determined for the purposes of this section.
