Information on equipment: Customers have the option to (i) purchase a modem outright from MyRepublic for $199.95 (ii) purchase a modem for $8 per month instalment fee on a 24 month contract or (iii) bring your own device (BYO). If you choose to purchase a modem using the $8 monthly instalments over a 24-month period option and you cancel your nbn™ broadband subscription before the end of the 24-month modem payment period, you will need to payout the remaining cost of your modem. The payout amount is $8 multiplied by the number of months remaining in the 24-month period e.g. if you leave after 16 months you would pay $8 x 8 (which is the number of months remaining), for a total of $64. The payout amount will be applied to your next invoice. If you choose to purchase a modem using the $8 monthly instalments over a 24-month period option and you cancel your nbn™ broadband subscription before it is activated you will need to return the modem to MyRepublic in its original condition and packaging in accordance with our return instruction. If you fail to return the modem within 30 days from the cancellation date, we will charge the cost of the modem to you.