Victorian Numbered Acts

FAIR TRADING AND CONSUMER ACTS FURTHER AMENDMENT ACT 2008 (NO. 2 OF 2008) - SECT 3

See:
Act No. 16/1999. Reprint No. 3 as at 23 February 2007
and amending
Act Nos 69/2006, 75/2006, 77/2006 and 17/2007.
Law Today: www. legislation. vic.gov.au

In section 3 of the Fair Trading Act 1999 for the definition of hire-purchase agreement substitute —

""hire-purchase agreement" includes a letting of goods with an option to purchase and an agreement for the purchase of goods by instalments (whether that agreement describes the instalments as rent or hire or otherwise) but does not include any agreement—

        (a)     by which the property in the goods in the agreement passes at the time of the agreement or on or at any time before delivery of the goods; or

        (b)     under which the person by whom the goods are being hired or purchased is a person who is engaged in the trade or business of selling goods of the same nature or description as the goods comprised in the agreement; or

        (c)     that is a regulated contract within the meaning of the Credit Act 1984 ; or

        (d)     that is a credit contract within the meaning of the Consumer Credit (Victoria) Code;".