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Motor Vehicle Sales Act 2003

Motor vehicle trading - Other requirements

20: Motor vehicle trader must provide account

You could also call this:

"Traders must give you a written account of your car sale money"

Illustration for Motor Vehicle Sales Act 2003

You are involved in a sale on consignment with a motor vehicle trader. The trader must give you a written account when you ask for it, or within 5 working days after the sale is completed. This account must include details of all the money the trader received on your behalf and how they used it. When the sale is completed, it does not matter if the trader has yet to notify the change of ownership as required by section 247 of the Land Transport Act 1998. The trader must still provide you with the account as stated.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM188563.

Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
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Part 2Motor vehicle trading
Other requirements

20Motor vehicle trader must provide account

  1. If this section applies, the motor vehicle trader must immediately on demand by the principal, or, if no demand is made, within 5 working days after the completion of the sale on consignment, provide to the principal a written account setting out the particulars of—

  2. all money received by the motor vehicle trader on the principal's behalf in respect of that sale; and
    1. the manner in which the motor vehicle trader has applied the money.

      1. For the purposes of this section, a sale on consignment is completed regardless of the fact that a notice of change of ownership has yet to be given in accordance with section 247 of the Land Transport Act 1998.

      Notes
      • Section 20(2): amended, on , by section 35(4) of the Land Transport Amendment Act 2009 (2009 No 17).