Western Australian Current Acts

MOTOR VEHICLE DEALERS ACT 1973 - SECT 32A

32A .         Terms used

                In this Division —

        consignment agreement means an agreement under which a dealer agrees —

            (a)         to sell a vehicle (including by auction) for a person who is not —

                  (i)         a dealer or a trade owner; or

                  (ii)         a person acting as an agent of a dealer or a trade owner;

                and

            (b)         to pay the proceeds of sale after the deduction of any agreed commission and charges to, or partly to, each of the following —

                  (i)         any person authorised by the consignor;

                  (ii)         any person holding a security interest in the vehicle;

        consignor means a person for whom a dealer agrees to sell a vehicle under a consignment agreement;

        registered company auditor has the meaning given in the Corporations Act 2001 (Commonwealth) section 9;

        security interest has the meaning given in the Personal Property Securities Act 2009 (Commonwealth) section 10;

        trust account means a trust account required to be maintained by a dealer under section 32C;

        year , unless otherwise prescribed, means a financial year.

        [Section 32A inserted: No. 4 of 2002 s. 57; amended: No. 42 of 2011 s. 57; No. 44 of 2016 s. 27.]