Consumer Protection (Fair Trading) Act 2003 · 2020 Revised Edition · Part 2 · Unfair Practices
11. Right to cancel certain contracts within cancellation period
Feedback & supportThe Minister may make regulations prescribing that a consumer who, in relation to a consumer transaction, has entered into a contract falling within any class of contracts specified in the regulations may cancel the contract within a cancellation period specified in the regulations.
consumer
“consumer” means an individual who, otherwise than exclusively in the course of business —(a)receives or has the right to receive goods or services from a supplier; or(b)has a legal obligation to pay a supplier for goods or services that have been or are to be supplied to another individual;
For the purposes of this section, the Minister may make regulations prescribing —
the manner in which notices of cancellation may be properly given;
any notice that the supplier must give to the consumer and the manner in which the notice may be properly given;
the rights and obligations of parties to a contract cancelled pursuant to regulations made under this section, or any other contract entered into for the purposes of the cancelled contract, including the amount or value of any deposit, security, goods or compensation recoverable in an action arising from the cancellation; and
the effect of cancellation pursuant to regulations made under this section on any rights the parties to the contract may otherwise have.