DUTIES ACT 2001 - SECT 396 Obligations of vehicle dealers

DUTIES ACT 2001 - SECT 396

396 Obligations of vehicle dealers

(1) This section applies if—

(a) under section 389 , vehicle registration duty is not imposed on an application to register a vehicle in the name of a vehicle dealer or to transfer a vehicle to a vehicle dealer; and

(b) the vehicle dealer sells the vehicle.

(2) The vehicle dealer must—

(a) give the purchaser of the vehicle a statement showing the consideration for the purchase of the vehicle and the value of any trade-in; and

(b) keep a copy of the statement.

Penalty—

Maximum penalty—100 penalty units.

Note—

See the Administration Act , section 118 (Period for keeping records).