Question 1

Do I need an LMCT Licence?

Accepted Answer

Yes, you generally need an LMCT licence in Victoria if you buy, sell, or trade motor vehicles as a business, including dealing in three or more vehicles per year. In some cases, you may still require a licence even if you deal in fewer vehicles depending on how your activity is assessed.

Question 2

Why come to us for your LMCT Application instead of doing it yourself?

Accepted Answer

The LMCT application process involves detailed documentation, compliance requirements, and strict submission timelines. Professional assistance helps ensure accuracy, reduces delays, and improves your chances of approval.

Question 3

Is there a test involved in the LMCT application process?

Accepted Answer

Yes, applicants may be required to complete a test by the Business Licensing Authority to assess their understanding of statutory responsibilities and compliance obligations.

Question 4

How long does the LMCT application process take?

Accepted Answer

The LMCT application process can take a few weeks to a few months depending on how complete and accurate the application is and whether additional information is requested.

Question 5

How much does the LMCT application cost?

Accepted Answer

The LMCT application fee charged by the Business Licensing Authority (BLA) is currently $1153.20, with an annual licensing fee of around $1733.10, though these may increase in future.. Additional preparation costs depend on individual circumstances. Please contact us to discuss your situation and we will provide an exact amount that you will have to pay, including our fees and any other third-party expenses.

Question 6

What happens if my LMCT application is refused?

Accepted Answer

If your LMCT application is refused, you cannot legally trade as a motor car trader and may not be able to reapply for up to two years unless special permission is granted. The application fee is also generally non-refundable.

Question 7

Do I need to visit your office in person?

Accepted Answer

No, the LMCT application process can be handled remotely. You may need to certify identification documents locally and send them electronically, but the entire process can be managed without visiting in person.

Question 8

What services do you offer?

Accepted Answer

We provide LMCT application assistance along with accounting services including tax returns, financial reporting, and business setup such as company and trust registration.

Overwhelmed by the LMCT Application process?

Overwhelmed by the LMCT Application process?

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