OzCar
OzCar was a special purpose vehicle 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 2012.
OzCar became involved in the OzCar affair in Australian politics.
