Investor Presentaiton
No. 46 of 2012
Consumer Protection
[Rev. 2016]
(c)
all guarantees given in respect of money payable under the
agreement;
(d) all security given by the consumer or a guarantor in respect of money
payable under the agreement; and
(e) all credit agreements, as defined in Part VII, and other payment
instruments, including promissory notes-
(i)
(ii)
extended, arranged or facilitated by the person with whom the
consumer reached the agreement; or
otherwise related to the agreement.
(13) If a consumer is required to give notice under this Part in order to
obtain a remedy, a court may disregard the requirement to give the notice or any
requirement relating to the notice if it is in the interest of justice to do so.
PART IV - RIGHTS AND OBLIGATIONS
RESPECTING SPECIFIC CONSUMER AGREEMENTS
17. Application of Part
(1) Despite sections 78 and 79, in the prescribed circumstances, the effect of
cancellation of a consumer agreement to which this Part applies by a consumer
and the obligations arising as a result of the cancellation of the agreement may be
subject to such limitations as may be prescribed.
(2) Sections 18 to 21-
(a) apply to future performance agreements if the consumer's total
potential payment obligation under the agreement, excluding the cost
of borrowing, exceeds a prescribed amount;
(b) do not apply to agreements that are future performance agreements
solely because of an open credit arrangement.
(3) Sections 24 to 29—
(a) apply in respect of personal development services or proposed
personal development services for which-
(i)
payment in advance is required; and
(ii) the consumer's total potential payment obligation, excluding
cost of borrowing, exceeds a prescribed amount;
(b) do not apply to personal development services that are provided―
(i)
on a non-profit or co-operative basis;
(ii)
by a private club primarily owned by its members;
(iii)
as an incidental part of the goods or services that are being
supplied to the consumer; or
(iv) by a golf club.
(4) Sections 31 to 33 apply to an internet agreement if the consumer's total
potential payment obligation under the agreement, excluding the cost of borrowing,
exceeds a prescribed amount.
(5) Sections 34 and 35 apply to direct agreements if the consumer's
total potential payment obligations under the agreement, excluding the cost of
borrowing, exceeds such amount as may be prescribed.
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