New Consumer Information Notice required to
be displayed from 1 July 2008.
From 1 July 2008, all motor vehicle
traders will need to complete and display
the new Consumer Information Notice (CIN)
when a used motor vehicle is offered for
sale.
The Consumer Information Notice (CIN)
replaces the current Supplier
Information Notice (SIN).
The Consumer Information Notice (CIN) has been designed to provide
information clearly to consumers and for
ease of completion by traders. The
information on the reverse of the CIN has
been updated.
The specific changes seen as a result of
the introduction of the new CIN, compared to
the current Supplier Information Notice,
are:
- Vehicle Year:
the definition is now the
vehicle year of the motor vehicle as
recorded on the Motor Vehicle Register. For
motor vehicles registered before 1 January
2007, vehicle year means the year of
manufacture or the model year or the year of
first registration. For motor vehicles
registered after 1 January 2007, vehicle
year means the year of first registration
anywhere in the world.
- Registered motor
vehicle trader: tick box removed. Contact
details and registration number remain.
- Cash Price: the Cash Price value must
include GST, registration and licensing
costs. This will ensure there is a
consistent approach to the disclosure of
cash price.
- Security Interest: addition of
a tick box system to show whether or not a
security interest exists.
- Radio Receiver
Capability: provision of information on
whether the vehicle has a radio receiver
capable of receiving broadcasts in the range
of 88 to 108 MHz without the use of a band
expander. A tick box system is used to show
the capability.
- Vehicle Licence:
addition
of a tick box system to show if the vehicle
is licensed. The licence expiry date is
displayed in a separate field.
- Trader
Confirmation: the trader must now confirm
they have supplied to the buyer a copy or
electronic version of the CIN.
- Renaming:
the Supplier Information Notice (SIN) to Consumer
Information Notice (CIN). The title and
other wording have been changed to highlight
that the information is meant for the
consumer’s consideration.
Reverse of Notice
- Wording on the reverse of the Notice has
been revised to make it more readable. Information has been rearranged to bring
attention to things to consider before the
vehicle is purchased and post sale advice
is included.
- Contact details of Motor Vehicle
Trader Register, Land Transport NZ, and the
Motor Vehicle Disputes Tribunal have been
updated.
The CIN requirements are set out in
the new Consumer Information Standards (Used
Motor Vehicles) Regulations 2008. The
Regulations result from extensive
consultation over the last two years on
improving the operation of the Motor Vehicle
Sales Act and its associated regulations.
Where to get the Regulations from
The complete Consumer Information
Standards (Used Motor Vehicles) Regulations
2008 will be available from
New Zealand
Legislation online [external website] from Thursday 1 May
2008 at
4 pm to download or purchase online.
Copies may also be purchased from Bennetts
Bookstores.
The
Consumer Information Notice (CIN) is
available as a
PDF version (34 KB) in a adobe acrobat format
(instructions
for obtaining the viewer).
Email
for further information or if you require a
Microsoft Word version of the Consumer Information Notice (CIN).
Background: Why this change has taken
place
- The Motor Vehicles Sales Act 2003 (MVSA)
came into force in December 2003.
- Section
163 of the MVSA required the Ministry of
Consumer Affairs to undertake a review of
the operation of the MVSA within two years
of its commencement, and to report back to
the Minister with recommendations on whether
any amendments to the MVSA were necessary, or
desirable.
- The Ministry of Consumer
Affairs prepared a review report and the
Minister of Consumer Affairs presented a
copy of this report to the House of
Representatives in March 2006.
- Following from the review’s
recommendations the Ministry prepared two
discussion documents. The first, released in
2006, recommended amendments to the
information disclosure provisions set out in
the Consumer Information Standards (Used
Motor Vehicles) Regulations 2003. The
second, released in 2007, addressed proposed
amendments to the MVSA.
- A further discussion paper on the
recommended changes to the
Consumer
Information Standards (Used Motor Vehicles)
Regulations 2003 was published in 2007.
Proposed Motor Vehicle Sales Act changes
Separately, changes are also proposed to
the Act. These will be introduced to
Parliament and will address:
- amending the annual renewal process for
motor vehicle trader registration
- making it easier to ban non
registered traders from participating in the
industry
- removing the requirement for
private sellers at car markets to display a
Consumer Information Notice
- improving
procedures related to the Motor Vehicle
Disputes Tribunal including awarding of
costs for non attendance, allowing the
tribunal to publish all decisions and
increasing the dollar value of claims able
to be heard.
|
![[To this page's content]](../../images/transparent.gif){kind=small}
