Clay Young Pty Ltd has been fined $15,000, plus $375.40 costs – the company having voluntarily surrendered its motor car trading licence on November 15, last year.
The penalties imposed on Clay Young Pty Ltd, which traded as Melbourne Vehicle Brokers, related to three cars sold between December 2011 and March 2012.
The trader guaranteed in the contracts of sale for two of the vehicles, that the buyers had clear title, but this wasn’t the case because there were registered security interests on the cars at the time of sale.
The court convicted the trader on two counts of making a false representation concerning the effect of a guarantee, and three of selling a motor car without cancelling a registered security interest.
Join the conversation