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Competition and Consumer Act 2010
Sch 2 s 84Obligations of suppliers on termination
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84 Obligations of suppliers on termination
If an unsolicited consumer agreement is terminated in accordance with section 82, the supplier under the agreement must, immediately upon being notified of the termination, return or refund to the consumer under the agreement any consideration (or the value of any consideration) that the consumer gave under the agreement or a related contract or instrument.
Note: A pecuniary penalty may be imposed for a contravention of this section.