Victorian Repealed Regulations

This legislation has been repealed.

Motor Car Traders Regulations 1998 - SECT 5

Definitions

5. Definitions



(1) In these Regulations-

corporate licence means a licence held by a body corporate;

motor cycle has the same meaning as in the Road Safety Act 1986;

partnership licence means a licence held by a partnership;

publish means to make generally known by any means, including print,
television, radio, cable television, film and the Internet;

relevant financial interest, in relation to a business, means-

   (a)  any share in the capital of the business; or

   (b)  any entitlement to receive any income derived from the business; or

   (c)  any entitlement to receive any payment as a result of money advanced
        to the business;

relevant position, in relation to a business, means the position of director,
manager or other executive position or secretary, however that position is
designated;

relevant power, in relation to a business, means any power, whether
exercisable by voting or otherwise and whether exercisable alone or in
association with others-

   (a)  to participate in any directorial, managerial or executive decision in
        the business; or

   (b)  to elect or appoint any person to any relevant position in the
        business;



sole trader's licence means a licence held by one natural person;

the Act means the Motor Car Traders Act 1986.

(2) A reference in these Regulations to a form is a reference to a form in
Schedule 1.

(3) A reference in these Regulations to a section is a reference to a section
of the Act.