Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Daewoo Suspended And Fined For Breaching Act

MEDIACOM-RELEASE-MVDI

DAEWOO SUSPENDED AND FINED FOR BREACHING ACT

In a decision released today, the Motor Vehicle Dealers Licensing Board suspended the Motor Vehicle Dealer Licence of Daewoo Automotive Australia Pty. Limited for one month and imposed a fine of $5,000.

The Board's decision follows a recent High Court judgement that Daewoo fundamentally breached the licensing regime in the Motor Vehicle Dealers Act. The Court suggested that the Board may wish to review their initial decision to cancel Daewoo's licence in light of subsequent changes to the Act, and referred the matter back to the Board.

The Motor Vehicle Dealers Institute (MVDI) has welcomed the Board's decision.

"The decision strongly supports MVDI's motion to bring the Daewoo matter before the Board", says MVDI Executive Director Steve Downes "Daewoo has been found guilty of misconduct and has now been penalised. This decision sends a clear message that you can not deliberately flout the law, regardless of any subsequent changes."

The Motor Vehicle Dealers Licensing Board found Daewoo guilty of misconduct as it was selling cars outside the Auckland area from unlicensed premises and without the supervision of approved staff.

Shortly after the Board's initial decision in January, the Motor Vehicle Dealers Amendment Act 1999 (the Daewoo Amendment) was passed. This amendment allows new motor vehicle business to be conducted anywhere in New Zealand provided the person carrying on the business has at least one licensed place of business in New Zealand.

ENDS....

MEDIA RELEASE FROM THE MOTOR VEHICLE DEALERS INSTITUTE

------------------------------------------------------

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech