(1) The Commissioner
may in writing grant an exemption from compliance with this Act to a
financier, car hire operator or an auctioneer who —
(a)
applies for an exemption in the approved form and pays the prescribed fee; and
(b)
satisfies the Commissioner —
(i)
in the case of a financier, that he ordinarily disposes
of vehicles which he has repossessed directly to dealers; or
(ii)
in the case of a car hire operator, that the buying or
selling of vehicles does not comprise a significant part of his business as a
car hire operator and that he ordinarily disposes of vehicles bought in the
course of his business directly to dealers; or
(iii)
in the case of an auctioneer, that the selling of
vehicles by auction does not comprise a significant part of his business as an
auctioneer.
(2) An exemption under
subsection (1) —
(a) may
be granted subject to conditions; and
(b)
extends to a person acting as an employee or agent of the financier, car hire
operator or auctioneer; and
(c) may
be revoked by the Commissioner at any time.
[Section 31 inserted: No. 4 of 2002 s. 26;
amended: No. 58 of 2010 s. 50.]