Victorian Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

MOTOR CAR TRADERS AMENDMENT ACT 2008 (NO. 4 OF 2008) - SECT 9

Suspension of licence—claims on Fund

    (1)     After section 29(1) of the Principal Act insert

    "(1A)     If a licence of a partnership or a body corporate is suspended under subsection (1), the licence of any partner or director of the partnership or body corporate is automatically suspended 30 days after the end of the application period for that partner or director.

    (1B)     A licence of a partnership or body corporate is automatically suspended at the end of the notice period for the partnership or body corporate if a person whose licence has been suspended under subsection (1A) is still a partner or director of, or a person concerned in the management of, the partnership or body corporate at the end of the notice period.".

    (2)     After section 29(2) of the Principal Act insert

    "(2A)     The Authority must give notice in writing of a proposed suspension under subsection (1A) by serving it on the partner or director affected by the suspension.

    (2B)     The notice under subsection (2A) must state that—

        (a)     the person notified may apply under section 29A within 30 days after the date the notice was served on the person for permission to prevent the suspension from taking effect; and

        (b)     if the person does not apply under section 29A for permission or the application is refused or withdrawn, the licence of any other partnership or body corporate will be automatically suspended at the end of the notice period for that partnership or body corporate if the person is still a partner or director of, or a person concerned in the management of, the partnership or body corporate at the end of that notice period.

    (2C)     The Authority must serve notice in writing of a proposed suspension under subsection (1A) on a partnership or body corporate that is a licensee if the person who is subject to the proposed suspension is a partner or director of, or a person concerned in the management of, the partnership or body corporate.

    (2D)     The notice under subsection (2C) must state that—

        (a)     a notice has been served on a person under subsection (2A) and the date on which the notice was served; and

        (b)     if an application under section 29A is not made by that person or is refused or withdrawn, the licence of the partnership or body corporate will be automatically suspended if the person is still a partner or director of, or a person concerned in the management of, the partnership or body corporate at the end of the notice period for that partnership or body corporate.".

    (3)     In section 29(3) of the Principal Act, for "This section" substitute "Subsection (1)".

    (4)     After section 29(3) of the Principal Act insert

    "(4)     Subsections (1A) and (1B) do not apply if the circumstances giving rise to a claim occurred before section 9 of the Motor Car Traders Amendment Act 2008 came into operation.

    (5)     In this section—

"application period" in relation to a person, means the later of—

        (a)     the period of 30 days after the date on which a notice was served on the person under subsection (2A); or

        (b)     if the person makes an application under section 29A within the period referred to in paragraph (a), the date of withdrawal or refusal of the application;

"notice period" in relation to a partnership or body corporate, means the period of 30 days after the end of the application period relating to a person who is a partner or director of, or a person concerned in the management of, the partnership or body corporate.".



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback