Duly noted product12/29/2023 There are circumstances which prohibit Seller from keeping the cancellation charge. Subject to the above, when a Lay-Buy is cancelled by either party, Seller must refund all money paid within 14 days less a AUD $25 cancellation fee. If the products are no longer available, Seller must cancel the Lay-Buy and refund all monies to the buyer. Cancellation where products not available.(a) allow the buyer 7 days within which to complete the agreement and If Seller under a Lay-Buy agreement proposes to stop trading before the agreement is completed, Seller must give notice of the proposal to the buyer and must either – * any amount owing to either the buyer or seller under the terms of the Lay-Buy on the cancellation of the Lay-Buy.The Lay-Buy is cancelled at the end of the period specified in the notice unless the buyer rectifies the breach before then or Seller agrees not to cancel it. * the total amount paid under the Lay-Buy * all cancellation charges payable under the agreement and IV) must state the matters listed per below:* the purchase price of the products III) must state the time within which the buyer must rectify the breach II) must specify the breach of the Lay-Buy for which the Lay-Buy is being cancelled and If a buyer has breached a term of a Lay-Buy and seller intends to cancel the Lay-Buy, before doing so seller must –Ī) Give the buyer notice of seller’s intention to cancel the Lay-Buy andī) Allow the buyer at least 14 days within which to rectify the breach andĬ) The notice to be given has to be:I) in writing, sent to the buyer’s last known address, or, if the buyer so agrees, orally and The seller under a Lay-Buy must not cancel it unless –Ī) The buyer breaches a term of the Lay-Buy or The buyer may cancel their LayBy agreement form at any time prior to delivery of products and on delivery of products if the products are damaged by so advising seller in writing or if seller agrees, orally.If a buyer cancels a Lay-Buy, seller will, if so requested by the seller, give the buyer a “cancellation statement” which sets out-Ī) The purchase price of the products andī) Advise customer of the cancellation fee payable to seller under all Lay-By terms and conditions andĬ) The total amount paid under the Lay-Buy andĭ) Any amount owing to either the buyer or seller under the layby terms on the cancellation of the Lay-Buy.If seller does not accept the buyer’s oral cancellation it is obliged to give/send the buyer a duly completed Lay-By Form of Cancellation immediately. Products will be clearly identified as ‘Lay-By contract’ products by a number or some other identification. Product’s on Lay-Buy will be set aside and stored separately to other products. Storage and Identification of Lay-Buy Products.This applies to all and any lay-by contract template utilized by both the vendor or consumer:Ī record of payments transaction history will always be available for both the merchant and buyer, recording all amounts paid to-date and the date and value of all future pending payments as per your agreed lay-by policy. The following principles below therefore make up the Terms & Conditions for any Lay-Buy or Layby contract and related transactions entered into. Lay-Buy Financial Solutions Pty Ltd trading as has identified core principles we believe are integral and imperative for all Lay-Buy agreement deals transacted through our PUT IT ON LAY-BUY checkout payment option to be fair and reasonable per the Fair Trading Act 1999. PUT IT ON LAY-BUY - Terms, agreements and contract
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