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An Entity of Type : dbo:MeanOfTransportation, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: mean of transportation New Facet based on Instances of this Class

OzCar was a special purpose vehicle (or trust) established by the Australian government to provide financing for car loans after GE Money Motor Solutions and GMAC abandoned the Australian market during a financial crisis. Its establishment was announced in a media release on 5 December 2008 and it was legally established as a trust on 2 January 2009, although it was not activated until 1 September 2009. Its enabling legislation Car Dealership Financing Guarantee Appropriation Act 2009 received assent on 6 July 2009 and ceased on 4 April 2012 after repeal by the Financial Framework Legislation Amendment Act (No. 1) 2012.