23Receiver to provide receipt to purchaser of motor vehicle

23 Receiver to provide receipt to purchaser of motor vehicle

(1)  If a receiver sells a motor vehicle under this Part, the receiver must provide the purchaser with a receipt that complies with this section.

Penalty:  In the case of –

(a) a body corporate, a fine not exceeding 50 penalty units; or

(b) an individual, a fine not exceeding 10 penalty units.

(2)  The receipt must contain the following:

(a) if the receiver is a natural person, the receiver's full name, address and date of birth;

(b) if the receiver is a body corporate, the receiver's business name and address and ABN;

(c) the vehicle's last registration number (if available) and vehicle identification number;

(d) the purchaser's full name, address and date of birth;

(e) the date of sale;

(f) the sale price;

(g) the name of the owner of the vehicle;

(h) any other information determined by the Director.

(3)  The receipt must state that the vehicle has been disposed of under this Act and must be signed by both the purchaser and the receiver.