103Motor vehicle brokers’ obligations

103 Motor vehicle brokers’ obligations

103 Motor vehicle brokers’ obligations

(1) A person is a motor vehicle broker for the purposes of this Act if the person carries on the business (other than as a retailer or on a wholesale basis or as a financier) of negotiating on behalf of other persons for the purchase of motor vehicles by those persons and of advising other persons on the purchase of motor vehicles.

(2) A motor vehicle broker must disclose to any person to whom the person provides services in the course of business as a motor vehicle broker—

(a) whether the motor vehicle broker has a financial or other business relationship with the supplier of a motor vehicle in relation to which the services are provided, and

(b) whether the motor vehicle broker receives a fee or other consideration from the supplier arising out of the provision of those services.

(3) The disclosure must be made before the motor vehicle broker provides services in that capacity.

(4) A motor vehicle broker who fails to comply with this section is guilty of an offence.

Maximum penalty—50 penalty units.

s 103: Am 2023 No 28, Sch 1[13].