Layby Terms & Conditions.

Home » Layby Terms and Conditions

CBC are very happy to provide a Layby option to make your bike purchase more affordable.
Laybys can be made at any time during the year, with Xmas Laybys now available from July 1st.

Easy Conditions for Xmas Laybys

We make it easy for you to buy a bike at xmas. From July 1st, you can put on a bike and accessories on layby for delivery at xmas. 20% deposit, no interest and monthly payments until December. All the other normal layby conditions apply.
Yes, we’ll build it for you and we’ll also deliver it for free to Cessnock LGA.

Type of Goods

Layby agreements are available for the purchase of bicycles (and accessories purchased with the bicycle in the same transaction).


Layby agreements run for a maximum period of 12 weeks.


An initial deposit of 20% will be payable. This will be the first instalment.
Fortnightly payments must be made on all Laybys.
If the customer fails to maintain the instalments as agreed, CBC reserves the right to cancel the agreement and return the items into stock.
Payments can be made by Direct Deposit quoting your surname and reference. This is our preferred option, and the easiest for most customers.
Payments can also be made in person at the store by Cash, EFTPOS and Credit Card (Visa or Mastercard).

Our Bank Details are:
Bank:                       Commonwealth Bank
Account Name:       Millfield Ventures T/As Cessnock Bicycle Company
BSB:                        062 – 805
Account:                  1044 9835
With each payment made a receipt will be issued, showing the amount paid and the balance remaining outstanding. This can be emailed to you.

Collection of Goods

No goods can be taken prior to all payments being received.
Collection of goods will only be allowed by a person with a copy of the valid Layby document and/or photographic proof of identity.


All applicable warranties commence from the period of collection and not from the start of the Layby.

Customer Cancellation of Layby Agreement

You are entitled to cancel your Layby agreement at any time prior to the collection of the goods. All funds paid (minus applicable fees) will be reimbursed to you by the following methods:
Cash/EFTPOS (Under $100.00) – a refund of cash will be issued by the store.
Cash/EFTPOS/Direct Deposit (Over $100.00) – a refund request will be sent to our accounts department and a bank deposit will be issued within 5 days from receipt of the cancellation request.
Payments made by credit card – All payment amounts will be refunded to the original credit card.
Note: All refund amounts are less the termination fee.

Cancellation of Layby Agreement

CBC may cancel the Layby agreement if the customer fails to meet the payment schedule.
Applicable termination fees will apply.
The company also reserves the right to terminate the agreement if they are unable to supply the item, the goods have been deemed to be faulty or they cease to trade. No termination fees will apply where the company has enacted any of these rights.

Termination Fees

Australian Companies are entitled to charge a reasonable termination fee for cancellation of Layby agreements.
The fees applicable to your agreement are calculated as $50 or 10% of the agreement total (whichever is the greater to a maximum of $200), if cancelled within the first month. An additional $10.00 per month will be incurred for each consecutive month in addition.

Further information on your rights

You can locate further information regarding your rights under any Layby agreement on the following websites:
The Australian Competition and Consumer Commission
The Australian Consumer Law