New South Wales Consolidated Acts

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MOTOR DEALERS AND REPAIRERS ACT 2013 - SECT 91

Payment of consignment sale amounts to trust account

91 Payment of consignment sale amounts to trust account

A motor dealer who receives a motor vehicle for sale on consignment from a consignor must pay an amount equal to the value of the consideration received by the motor dealer for the motor vehicle to the trust account in respect of that consignor not later than on the next business day of the authorised deposit-taking institution after receiving the consideration.

: Maximum penalty--20 penalty units.



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