New South Wales Consolidated Acts

MOTOR DEALERS AND REPAIRERS ACT 2013 - SECT 139

139 Improper withdrawal of money etc

(1) A person must not, with the intention of defeating the purposes of this Division--

(a) withdraw money from, or make any payment out of, any account kept by or on behalf of a licence holder or a person whose licence is cancelled or suspended, or

(b) destroy or conceal, or remove from one place to another, or deliver into the possession or control of any other person, any property in relation to which an administrator is subsequently appointed.

(2) A person must not, after being notified or becoming aware of the appointment of an administrator and without the authority of the administrator--

(a) withdraw money from, or make any payment out of, any account kept by or on behalf of a person subject to administration, or

(b) destroy or conceal, or remove from one place to another, or deliver into the possession or control of any other person, any property of a person subject to administration.

: Maximum penalty--20 penalty units or imprisonment for 12 months, or both.