10Month Layby

Layby sales are covered by the Fair Trading Act. The Act applies to all layby sale agreements for goods priced at $15,000 or less and entered into from 17 June 2014. Layby sales before that date are still covered by the Layby Sales Act 1971. Conditions listed are designed to disclose, in plain English, the Layby Sales Agreement you are entering into.


You must complete this layby in full by making payments of the amount specified in the payment schedule and on the dates in your agreement. If you do not make payments as agreed in the payment schedule or payment in full by the completion date, automatic cancellation of the layby will occur and all items will be returned to stock. The layby can only be collected or couriered (at an additional cost) once paid in full.


  • The customer or the store has the right to cancel a layby. 
  • The buyer (customer) may cancel the Layby Sale Agreement at any time before taking possession of the goods. 
  • Cancellation charges will not apply if the buyer (customer) cancels layby within 3 days of signing the contract. 
  • We will advise you by text before the layby is cancelled and items returned to stock. 
  • You will have seven (7) days from the time our text is sent to complete payment in full otherwise you will face cancellation. 
  • If the buyer (customer) cancels this agreement after 3 days of signing the contract or before all payments have been made, they will incur a one-off $25.00 administration fee for cancellation as well as both storage and insurance handling costs of $1 per day from the date of the layby until the agreement is terminated by either party.


Please ensure before taking out this layby that you have ability to meet the payments without suffering hardship.

Gold House management reserves the right to change the 10 month layby agreement at its discretion and without notice. The above text is an example only and cannot be used to create a layby online, in our store or by any other format.