Definitions
5 Definitions
In these Regulations—
associated business has the meaning given by regulation 6;
auction business, in relation to a used motor car, means a business selling, or offering to sell, the motor car by auction in the course of its business;
Australian Business Number has the same meaning as in the A New Tax System (Australian Business Number) Act 1999 of the Commonwealth;
compliance date means the date stamped on a vehicle's compliance plate in accordance with the Motor Vehicle Standards Act 1989 of the Commonwealth;
LMCT means a licensed motor car trader;
police check means a certificate from the Chief Commissioner of Police that indicates that the person is not ineligible to be employed by a motor car trader in a customer service capacity under section 35A(1)(b) of the Act;
publish means to make generally known by any means, including by means of print, broadcast or electronic communication;
relevant financial interest, in relation to a business, means—
any share in the capital of the business; or
any entitlement to receive any income derived from the business; or
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—
to participate in any directorial, managerial or executive decision in the business; or
to elect or appoint any person to any relevant position in the business;
the Act means the Motor Car Traders Act 1986;
trade auction means an auction at which only licensed motor car traders or persons acting on their behalf may bid;
truck has the same meaning as in the Road Safety Act 1986.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.