After section 45--
insert--
'(1) This section applies if the cooling-off period for a residence contract starts on the day a later event happens or another contract is entered into.
'(2) The scheme operator must, as soon as practicable after the later event happens or the other contract is entered into, give the resident written notice of--
(a) the date the later event happens or the other contract is entered into; and
(b) the date the cooling-off period ends.
Maximum penalty--100 penalty units.'.