QLDIn ForceAct
Motor Dealers and Chattel Auctioneers Act 2014
sec.91Beneficial interest—options
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### sec.91 Beneficial interest—options
A motor dealer commits an offence if the dealer obtains from the owner of a used motor vehicle, other than another motor dealer, an option to purchase the vehicle in which the dealer has a beneficial interest.
Maximum penalty—200 penalty units or 3 years imprisonment.
A motor salesperson commits an offence if the salesperson obtains from the owner of a used motor vehicle, other than a motor dealer, an option to purchase the vehicle in which the salesperson has a beneficial interest.
Maximum penalty—200 penalty units or 3 years imprisonment.
A motor dealer must not sell a motor vehicle if the motor dealer has a beneficial interest in an option to purchase the vehicle, other than an option to purchase given by another motor dealer.
Maximum penalty—200 penalty units or 3 years imprisonment.
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.91-ssec.1) A motor dealer commits an offence if the dealer obtains from the owner of a used motor vehicle, other than another motor dealer, an option to purchase the vehicle in which the dealer has a beneficial interest. Maximum penalty—200 penalty units or 3 years imprisonment.
(sec.91-ssec.2) A motor salesperson commits an offence if the salesperson obtains from the owner of a used motor vehicle, other than a motor dealer, an option to purchase the vehicle in which the salesperson has a beneficial interest. Maximum penalty—200 penalty units or 3 years imprisonment.
(sec.91-ssec.3) A motor dealer must not sell a motor vehicle if the motor dealer has a beneficial interest in an option to purchase the vehicle, other than an option to purchase given by another motor dealer. Maximum penalty—200 penalty units or 3 years imprisonment. 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.