Australian Capital Territory Numbered Acts

DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 171

(1)     If a hire of goods is effected otherwise than by a commercial hire business and the total amount of hiring charges paid or payable for the hire of the goods is not less than $1,000, the person hiring out the goods shall prepare a written statement that sets out—

        (a)     the name and address of each party;

        (b)     a description of the goods;

        (c)     the commencement date and the term of the hire;

        (d)     the total of the hiring charges (including any residual payment referred to in subsection 155 (2)) paid or payable over the term of the hire; and

        (e)     the intervals at which the hiring charges are paid or payable.

(2)     The written statement shall be prepared not later than—

        (a)     the time when the person hiring out the goods receives the first or only payment of hiring charges; or

        (b)     the time when the hiring charges become payable;

whichever first occurs.

(3)     This section does not require a separate written statement to be prepared if the hire is already evidenced by another document that otherwise complies with this section and, in such a case, the other document is to be taken to be the written statement.