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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

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