Victorian Coalition Government’s red tape cuts benefit car buyers
- Three day cooling-off period to be specified in contract of sale for vehicles bought through a car dealer
- Napthine Government committed to protecting Victorian consumers
The Victorian Coalition Government has taken action to further protect consumers, with the passage of the Consumer Affairs Legislation Amendment Bill 2014 today.
Minister for Consumer Affairs, Heidi Victoria said the savings from cutting red tape for car sales is estimated to be nearly $1 million per year.
The legislation amends a number of Acts across the Consumer Affairs portfolio to clarify and improve their operation and provide greater consumer protection.
“Amendments to the Motor Car Traders Act 1986 will reduce the regulatory burden on motor car traders and enhance protections for purchasers,” Ms Victoria said.
“The contract of sale will now be required to clearly specify a 3 day cooling-off period when buying a new or used car.’’
“The Napthine Government is committed to reducing red tape across government, business and industry to the benefit of all Victorians,’’ Ms Victoria said.
Consumer Affairs Victoria’s inspectors will have improved powers to better enforce the Australian Consumer Law.
The legislation also makes amendments to the Domestic Building Contracts Act 1995, the Estate Agents Act 1980, the Retirement Villages Act 1986 and the Fire Services Levy Monitor Act.
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