Western Australian Current Acts

MOTOR VEHICLE DEALERS ACT 1973 - SECT 32H

32H .         Dealers to keep accounts etc.

                A dealer shall —

            (a)         keep full and accurate accounts and records of —

                  (i)         all proceeds received from sales of vehicles under consignment agreements; and

                  (ii)         all payments made by the dealer of or from those proceeds;

                and

            (b)         before the end of the next business day after the day on which proceeds of a sale are received or a payment is made, record particulars of —

                  (i)         the amount so received or paid; and

                  (ii)         the person from whom it was received or to whom it was paid;

                and

            (c)         keep the accounts and records in such a manner that they can be conveniently and properly audited; and

            (d)         correctly balance the accounts at the end of each month.

        Penalty: $5 000.

        [Section 32H inserted: No. 4 of 2002 s. 57.]