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



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.




© Scoop Media

Business Headlines | Sci-Tech Headlines


Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>


Māui And Hector’s Dolphins: WWF/Industry Counter Offer On Threat Management Plan

Forest & Bird says WWF-NZ's plan for protecting Māui dolphins is based on testing unproven methods on a species that is almost extinct, and is urging the Government to reject the proposal. More>>


Industry Report: Growing Interactive Sector Wants Screen Grants

Introducing a coordinated plan that invests in emerging talent and allows interactive media to access existing screen industry programmes would create hundreds of hi-tech and creative industry jobs. More>>


Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>