LMCT APPLICATIONS

Looking to become a Licensed Motor Car Trader?  Let LMCT Accounts take care of the hard work for you.


Our team boasts a broad industry knowledge base, acquired from over 50 years collectively in the Automotive Industry.  Utillising this knowledge, along with extensive bookkeeping experience, our team will meticulously prepare and submit your application on your behalf keeping you updated every step of the way.

The process to obtain an LMCT can be complex and time consuming as there is a myriad of information required for a successful application.  As part of the application a wide range of personal and business information must be submitted.  Examples of these include - 

  • comprehensive business plan

  • consent for criminal history check for all directors, partners, associates and their spouses

  • suitable trading premises including all relevant council permits and licences

  • if the applicant is actively operating a business - a copy of current full financials

To be eligible to hold an LMCT Consumer Affairs have a number of strict guidelines.  

 

The eligibility criteria states that to hold a licence you must be - 

  • at least 18 years old

  • likely to continue to have (and currently have) sufficient funds to carry on the business

  • a fit and proper person to be a licensed motor car trader

  • able to show that you have premises from which you can lawfully carry on business

  • likely to carry on business honestly and fairly

  • likely to maintain effective control of the business

  • able to show you have sufficient knowledge of the Motor Car Traders Act 1986 and the Motor Car Traders Regulations 2008 to carry on your business.

LMCT Accounts also provides support for existing licence holders - 

  • change or adding an addition trading address

  • change of directors/associates/company secretary/management

  • change of business structure (eg Sole Trader to Company)