EDMONTON, AB (December 6, 2016): Today, Wildrose Shadow Service Alberta Minister Wayne Anderson released the following statement on recommendations to the Alberta Motor Vehicle Industry Council (AMVIC):
“We are disappointed the recommendations released today do not take more decisive action for consumers or taxpayers.
“We were hoping for stronger, clearer recommendations with regard to the $4 million AMVIC compensation fund.
“In the last four years, the fund has only approved four claims and paid out less than $10,000.
“Albertans paid for that fund through a levy on car sales. It is supposed to be there to protect consumers from illegal activity but it obviously isn’t working.
“When Albertans are getting defrauded by licensed businesses they should have access to the fund, but the rules are so restrictive that AMVIC is stockpiling cash rather than compensating consumers.
“We were hoping to see the minister clearly lay out rules and standards for the compensation fund since it is clear that AMVIC has been incapable of doing so. Instead there is a recommendation to have a new group that will determine the rules. We were hoping for immediate improvements in this area, instead Albertans will get more delays and more study.”