“(2) Subject to subsection (3), a licensee shall cause the licence issued to the licensee at all times to be exhibited in a conspicuous position at the premises specified in the licence as the place where business is to be carried on under the licence.

Penalty:

        (a)     if the offender is a natural person—5 penalty units;

        (b)     if the offender is a body corporate—25 penalty units.

“(3) Where a licensee lodges an application under section 14E, the licensee shall be taken to sufficiently comply with subsection (2) during the period while the application is being dealt with if the licensee causes a copy of the licence lodged with the application to be exhibited in accordance with that subsection.

“(4) A licensee shall exhibit and keep exhibited in a conspicuous position at the premises specified in the licence as the place where business is to be carried on under the licence a notice consisting of letters not less than 7 centimetres in height containing—

        (a)     the name of the licensee and the words—

              (i)     if the licensee holds a vehicle sale licence to carry on business as a dealer—‘LICENSED MOTOR VEHICLE DEALER'; or

              (ii)     if the licensee holds a car market operator licence—‘LICENSED CAR MARKET OPERATOR'; and

        (b)     if the licensee carries on business under a name other than the licensee's personal name or corporation name, as the case may be—the name or style under which the licensee carries on business.

Penalty:

        (a)     if the offender is a natural person—5 penalty units;

        (b)     if the offender is a body corporate—25 penalty units.

“(5) In addition to the notice required by subsection (4), a licensed car market operator shall exhibit and keep exhibited in a conspicuous position at the premises specified in the licence as the place where business is to be carried on under the licence a notice consisting of letters not less than 7 centimetres in height in or to the following effect:

WARNING

1.     THE TITLE OF A VEHICLE SOLD AT THESE PREMISES IS NOT GUARANTEED. PERSONS CONSIDERING THE PURCHASE OF A VEHICLE SHOULD CONTACT REVS ON [ Here insert the telephone number prescribed for the purposes of this subsection ].

2.     A VEHICLE SOLD AT THESE PREMISES IS NOT SUBJECT TO THE STATUTORY WARRANTIES PROVIDED FOR UNDER THE SALE OF MOTOR VEHICLES ACT 1977 . A PURCHASER MAY HAVE A REMEDY, HOWEVER, UNDER THE GENERAL LAW.

“(6) If—

        (a)     the telephone number prescribed for the purposes of subsection (5) ceases to be so prescribed and another telephone number is so prescribed; and

        (b)     a licensed car market operator exhibits a notice in accordance with subsection (5) which specifies a telephone number other than the number currently prescribed for the purposes of that subsection;

the licensed car market operator shall cause the notice to be altered so as to display the telephone number currently prescribed.

“(7) A licensed car market operator shall not fail to cause a notice to be altered in accordance with subsection (6) within 3 days of receiving a notice in writing from the Registrar advising that the telephone number prescribed for the purposes of subsection (5) has changed.

Penalty:

        (a)     if the offender is a natural person—5 penalty units;

        (b)     if the offender is a body corporate—25 penalty units.

“(8) For the purposes of subsections (2), (4) and (5), a notice referred to in that subsection shall be taken to be in a conspicuous position in premises if it is easily visible to a person entering those premises.

“74. (1) Where a licensee commences to carry on business at any place the licensee shall notify the Registrar in writing accordingly of that commencement.

“(2) Where a licensee ceases to carry on business at any place the licensee shall notify the Registrar in writing accordingly within 7 days of that cessation.

Penalty in respect of an offence against subsection (2):

        (a)     if the offender is a natural person—10 penalty units;

        (b)     if the offender is a body corporate—50 penalty units.”.