What it is
AMVIC receives its authority to collect a levy from Section 136 (8) of the Fair Trading Act:
“A regulatory board may, with the approval of the Minister, collect money by the levy of assessments on licensees and designated agents as defined in section 102 for the purpose of enabling the board to carry out the powers, duties and functions delegated to it.”
Revenue generated from the levy is used to fund the consumer compensation fund, as well as support AMVIC in fulfilling responsibilities under the delegated agreement with Service Alberta. The agreement requires AMVIC to:
- Act in any capacity pursuant to the Fair Trading Act or regulations delegating authority to AMVIC.
- Enhance consumer protection and confidence in the motor vehicle industry.
- Promote education and licensing for industry players (businesses and salespeople).
- Establish and collect assessment fees.