sec.73Licensee to obtain statement from seller of vehicle

### sec.73 Licensee to obtain statement from seller of vehicle A licensee must, when buying a motor vehicle or accepting a motor vehicle for sale on consignment from a person (the seller ) in the course of carrying on the licensee’s business, obtain from the seller a statement, signed by the seller, stating the particulars about the seller and the vehicle prescribed under a regulation. Maximum penalty—200 penalty units. The licensee must keep a copy of the statement at the licensee’s place of business. Maximum penalty—200 penalty units. This section does not apply if the seller is— a financier of the business of the licensee; or another licensee. (sec.73-ssec.1) A licensee must, when buying a motor vehicle or accepting a motor vehicle for sale on consignment from a person (the seller ) in the course of carrying on the licensee’s business, obtain from the seller a statement, signed by the seller, stating the particulars about the seller and the vehicle prescribed under a regulation. Maximum penalty—200 penalty units. (sec.73-ssec.2) The licensee must keep a copy of the statement at the licensee’s place of business. Maximum penalty—200 penalty units. (sec.73-ssec.3) This section does not apply if the seller is— a financier of the business of the licensee; or another licensee. - (a) a financier of the business of the licensee; or - (b) another licensee.