10Compensation Fund contribution for dealing in motor vehicles on wholesale basis only—the Act, s 32(1)

10 Compensation Fund contribution for dealing in motor vehicles on wholesale basis only—the Act, s 32(1)

10 Compensation Fund contribution for dealing in motor vehicles on wholesale basis only—the Act, s 32(1)

(1) The Compensation Fund contribution set out in section 9 is not payable if the person carries on the business of dealing in motor vehicles on a wholesale basis only.

(2) The licence of a person who does not pay the contribution is subject to the condition that the person must not carry on the business of dealing in motor vehicles other than on a wholesale basis.

(3) If a licence is subject to a condition under this section, the licence holder may pay the contribution for specified notified premises and, on doing so, the condition ceases to apply in relation to the specified notified premises.

(4) For subsection (3), the amount of the contribution required to be paid for notified premises is—

(a) in relation to a 1-year licence—the amount specified in section 9(1)(a)(i), or

(b) in relation to a 3-year licence—

(i) if the payment is made not more than 1 year after the date of the grant, renewal or restoration of the licence—the amount specified in section 9(1)(a)(ii), or

(ii) if the payment is made more than 1 year but not more than 2 years after the grant, renewal or restoration of the licence—two-thirds of the amount specified in section 9(1)(a)(ii), or

(iii) if the payment is made more than 2 years after the grant, renewal or restoration of the licence—one-third of the amount specified in section 9(1)(a)(ii), or

(c) in relation to a 5-year licence—

(i) if the payment is made not more than 1 year after the date of the grant, renewal or restoration of the licence—the amount specified in section 9(1)(a)(iii), or

(ii) if the payment is made more than 1 year but not more than 2 years after the grant, renewal or restoration of the licence—four-fifths of the amount specified in section 9(1)(a)(iii), or

(iii) if the payment is made more than 2 years but not more than 3 years after the grant, renewal or restoration of the licence—three-fifths of the amount specified in section 9(1)(a)(iii), or