Western Australian Consolidated Acts Western Australian Consolidated Acts (1) A dealer shall not
supply any goods in the course of a business without first procuring the
discharge of any inventory security interest created by the dealer in the
goods.
Penalty: $2 500.
(2)
Subsection (1) does not apply in relation to the sale, exchange or
disposition of a vehicle as defined in section 5(2) of the Motor Vehicle
Dealers Act 1973 that is subject to an inventory security interest by a
licensed motor vehicle dealer as defined in that Act if the sale, exchange or
disposition is authorised by and in accordance with the terms of the inventory
security interest.
(3) A dealer shall not
supply any goods in the course of a business without first procuring the
discharge of —
(a) any
security interest of which the dealer has notice; and
(b) any
registered security interest whether or not the dealer has notice of the
interest; and
(c) if
the vehicle is not licensed under the Road Traffic Act 1974 but is
registered or licensed under the law of another State or a Territory, any
security interest in the vehicle registered under the provisions of a law of
that State or Territory corresponding to the provisions of this Act (whether
or not those provisions are declared under section 3(8) to be a
corresponding law of that State or Territory for the purposes of this Act).
Penalty: $2 500.
(4) Without affecting
the operation of subsection (2), subsections (1) and (3) do not
apply to the extent or in the circumstances prescribed by the regulations.