sec.113Consideration for used motor vehicle during cooling-off period

### sec.113 Consideration for used motor vehicle during cooling-off period A motor dealer may accept a trade-in or other consideration from a buyer of a used motor vehicle before the end of the cooling-off period. However, the motor dealer must not deal in the trade-in or other consideration during the cooling-off period. Maximum penalty—200 penalty units or 1 year’s imprisonment. The motor dealer must return the trade-in or other consideration immediately to the buyer, at no cost to the buyer, if the buyer avoids the contract under section 111 . Maximum penalty—200 penalty units or 1 year’s imprisonment. Subsection (3) does not require the return to the buyer of any non-refundable deposit paid as consideration for the cooling-off period. A person may make a claim, under the Administration Act , against the fund if the person suffers financial loss because of a contravention of this section. (sec.113-ssec.1) A motor dealer may accept a trade-in or other consideration from a buyer of a used motor vehicle before the end of the cooling-off period. (sec.113-ssec.2) However, the motor dealer must not deal in the trade-in or other consideration during the cooling-off period. Maximum penalty—200 penalty units or 1 year’s imprisonment. (sec.113-ssec.3) The motor dealer must return the trade-in or other consideration immediately to the buyer, at no cost to the buyer, if the buyer avoids the contract under section 111 . Maximum penalty—200 penalty units or 1 year’s imprisonment. (sec.113-ssec.4) Subsection (3) does not require the return to the buyer of any non-refundable deposit paid as consideration for the cooling-off period. A person may make a claim, under the Administration Act , against the fund if the person suffers financial loss because of a contravention of this section.