Step-by-Step Guide to Applying for an LMCT Licence
If you're planning to start a car dealership or buy and sell vehicles in Australia, obtaining an LMCT (Licensed Motor Car Trader) licence is a legal requirement. Whether you’re launching a new business or expanding an existing operation, understanding the LMCT licensing process is crucial. This guide breaks down each step you need to take to apply for an LMCT licence, the eligibility criteria, necessary documentation, and helpful tips to avoid delays. What Is an LMCT Licence? An LMCT (Licensed Motor Car Trader) licence allows individuals and businesses to legally buy, sell, or exchange motor vehicles for profit in Australia. The licence is issued by the Business Licensing Authority (BLA) in each state or territory and is designed to ensure that traders meet professional standards and consumer protection laws. Here, we’ll focus on the process in Victoria, where the LMCT is particularly regulated under the Motor Car Traders Act 1986. Who Needs an LMCT Licence? You’ll need an LMCT lic...