sec.117Motor dealer to keep transactions register

### sec.117 Motor dealer to keep transactions register A motor dealer must keep, at each place the motor dealer carries on business, a register of transactions ( transactions register ). Maximum penalty—200 penalty units or 1 year’s imprisonment. The motor dealer must enter, and keep entered, in the transactions register the particulars prescribed under a regulation for each transaction entered into in the course of business within 24 hours after the transaction is completed. Maximum penalty—200 penalty units or 1 year’s imprisonment. The form of the register may be prescribed under a regulation. If the register is kept in electronic form, the motor dealer is taken to comply with subsection (1) if information in the register can be accessed electronically and as hard copy from the place of business. In this section— motor dealer — means a motor dealer who is a principal licensee or a person in charge of a licensee’s business at a place; but does not include a motor dealer whose licence is conditioned to allow the dealer to perform only the activity of negotiating, under a consultancy arrangement, for a person who is not a motor dealer or chattel auctioneer for the purchase of a motor vehicle for the person. transaction means any of the following— a sale; a purchase; accepting a deposit; giving an option to purchase; accepting a trade-in; accepting a motor vehicle for sale on consignment; a transfer of a motor vehicle from 1 place of business to another place of business. (sec.117-ssec.1) A motor dealer must keep, at each place the motor dealer carries on business, a register of transactions ( transactions register ). Maximum penalty—200 penalty units or 1 year’s imprisonment. (sec.117-ssec.2) The motor dealer must enter, and keep entered, in the transactions register the particulars prescribed under a regulation for each transaction entered into in the course of business within 24 hours after the transaction is completed. Maximum penalty—200 penalty units or 1 year’s imprisonment. (sec.117-ssec.3) The form of the register may be prescribed under a regulation. (sec.117-ssec.4) If the register is kept in electronic form, the motor dealer is taken to comply with subsection (1) if information in the register can be accessed electronically and as hard copy from the place of business. (sec.117-ssec.5) In this section— motor dealer — means a motor dealer who is a principal licensee or a person in charge of a licensee’s business at a place; but does not include a motor dealer whose licence is conditioned to allow the dealer to perform only the activity of negotiating, under a consultancy arrangement, for a person who is not a motor dealer or chattel auctioneer for the purchase of a motor vehicle for the person. transaction means any of the following— a sale; a purchase; accepting a deposit; giving an option to purchase; accepting a trade-in; accepting a motor vehicle for sale on consignment; a transfer of a motor vehicle from 1 place of business to another place of business. - (a) means a motor dealer who is a principal licensee or a person in charge of a licensee’s business at a place; but - (b) does not include a motor dealer whose licence is conditioned to allow the dealer to perform only the activity of negotiating, under a consultancy arrangement, for a person who is not a motor dealer or chattel auctioneer for the purchase of a motor vehicle for the person. - (a) a sale; - (b) a purchase; - (c) accepting a deposit; - (d) giving an option to purchase; - (e) accepting a trade-in; - (f) accepting a motor vehicle for sale on consignment; - (g) a transfer of a motor vehicle from 1 place of business to another place of business.