Format:
1 Online-Ressource (30 p)
Content:
Consumer leases are regulated in Australia separately from credit contracts. This has created opportunities for regulatory arbitrage and has resulted in significant harm to consumers. Recent reforms, which commenced on 1 March 2013, have addressed this problem by applying to consumer leases many of the statutory protections available to consumers under credit contracts. However, the distinction between consumer leases and credit contracts has been retained. We argue in this article that the distinction is artificial and should be abandoned. We also examine how the uneven regulation of consumer leases and credit contracts has harmed consumers and we assess the recent reforms to the regulation of consumer leases. Finally, we investigate the practice of consumer leasing in Australia by reference to our survey of the consumer leasing industry, the cost of consumer leases, and selected “real life” case studies
Note:
In: Australian Business Law Review, Vol. 41, No. 5, pp. 240-269, 2013
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Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 31, 2013 erstellt
Language:
English
