Contact Consumer Protection
Tel: 1300 304 054
consumer@dmirs.wa.gov.au
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A review into the regulation of consignment sales under the Motor Vehicle Dealers Act 1973 (WA) has resulted in proposed changes. To find out more about these changes, please read the Decision Regulatory Impact Statement (DRIS) on the reform of the regulation of motor vehicle consignment sales.
A guide to auditing trust accounts for motor vehicle dealers is now available for your convenience.
Before taking any vehicle under a consignment agreement, the dealer must be permitted to do so in accordance with their licence and have opened a 'Consignment Trust Account' in which to deposit the funds.
Dealers must obtain the Commissioner’s approval to remove this condition using the remove consignment sales condition form.
The dealer must ensure that the name of the trust account includes:
- the full name of the dealer;
- the dealer's licence number;
- the trading name (if any); and
- the words 'consignment trust account'.
When a dealer opens or closes a trust account, the Commissioner for Consumer Protection must be informed as soon as practicable in writing specifying:
- the name and number of the trust account; and
- the name and address of the financial institution with which the trust account is or was maintained.
If you are motor vehicle dealer and have opened a trust account, please email us with details of your auditor and attach a completed Application to Appoint an Auditor form.
An auditor's appointment is continuous until Consumer Protection approves a change to the auditor (under Regulation 10H(2) of the Motor Vehicle Dealer (Sales) Regulations 1974). To request approval, complete the change of auditor form and email to us.
Below is a full list of forms and publications for auditors of motor vehicle dealers:
Should you require any further information on these matters, please ring our registration and monitoring branch on 1300 304 054.
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