Consumer Guarantees Amendment Bill

5 New sections 15A and 15B inserted

• The following sections are inserted after section 15:

  “15A Disclosure

  • “(1) Every extended warranty must include written disclosure to the consumer that the Act provides enforceable guarantees, including fitness for purpose and durability.

    “(2) If an extended warranty does not provide any benefit, right, or convenience that is greater than the rights under the Act, disclosure to this effect must be included in the statement required in subsection (1).

    “(3) If an extended warranty does provide a benefit, right, or convenience that is greater than the rights under the Act, these must be clearly identified as being additional to the rights under the Act.

    “(4) Every extended warranty must include written disclosure of the right provided for in section 15B.

  “15B Cooling-off period

  • A consumer may cancel the purchase of any extended warranty within 7 days of purchase and must be provided with a full refund without any other penalty.”