If you’re a licensed motor dealer it’s very important to note that you no longer have the option to sell cars privately.
When you become a licensed motor dealer, every used car you sell is subject to your licensed conditions and the Motor Dealers and Chattel Auctioneers Act 2014 regardless of whether it’s for profit, a favour for a friend or your own private car.
MTA Institute encourages all licensed motor dealers to ensure they are working within the law and in the guidelines of the Act which states that any activity which you are authorised to perform in relation to your license is considered to be an activity of a motor dealer.
In addition to this you must also disclose to a potential buyer or seller that you’re a licensed motor dealer, have them signed a written acknowledgement and perform all the related tasks set out in the Act.
Penalties issued by the Office of Fair Trading to motor dealers failing to meet this obligation have ranged from losing their motor dealer licence to fines up to $110,000.
MTA Institute offers nationally accredited motor vehicle dealer training courses online, which means you can complete it at any time or place.
In accordance with the Motor Dealers and Chattel Auctioneers Act 2014, all motor dealers (individual and corporate) must be licensed to work in Queensland. Click here for more information.
Download the OFT – your licence obligations don’t stop when you clock off for further information.