The LMCT Application Process
As part of the application, you’ll need to provide a wide range of personal and business related details that include information about your background and your personal and business associations. You’ll need to provide a thorough business plan and prove that you have the financial acumen and capabilities to operate as a motor car trader. You’ll also need to prove that you have a suitable location with all relevant permits to operate your business from.
There’s also a number of other more detailed aspects that need to be provided. You can find more detail here.
Of course you can, but you might find the application process quite arduous and somewhat confusing. You might also find that the time required to complete the application process could be better spent on building your business. Vince Johnson will make it quick and painless for you.
The Business Licensing Authority application states that the application process takes around 6-8 weeks to be completed. In our experience this is usually more like 10-14 weeks with the possibility being for even longer in many cases.
The standard Victorian government fee to apply for an LMCT licence is $799. This is paid at the time of application and is not refunded if you are unsuccessful. Once approved, the first year’s licence cost of $1428.80 is paid.
A full list of fees can be found here.
LMCT licence applicants are interviewed by a Licensing Officer. During this interview you will be asked a number of questions to assess your knowledge and understanding of your requirements and obligations as a Licenced Motor Car Trader. Vince will make sure that you are prepared for this interview, know what to expect and have the required knowledge to be successful.
Yes, as part of the application process, you must have a signed lease in place prior to your application. You’ll probably be paying rent whilst you wait for your application to be approved. Vince has a proven history of getting things processed quickly, reducing this wasted rental costs and loss of potential revenue.