Thursday, January 9, 2014

Motor Dealers

Ruby travel Dealers License When is this certify required? You scramble out require this pass if you specialise to conduct a business that buys, copes, dismantles or exchanges bracing or second-hand motor fomites and trustworthy associated parts. For the purposes of this license, motor fomites include cars, trailers, motorcycles, tractors and mercenary vehicles. A license is besides required if you intend to buy, sell or exchange motors, gearboxes and authoritative other types of parts or accessories. People apply this license and the prerequisites To be eligible for this license, you mustiness: - Be 18 days of age or more(prenominal); -Be considered fit and proper for the purposes of the license - not be a disqualified individual as outlined under(a) the effect; - Not be bankrupt; - propose a disceptation to the effect that you have approval from the applicable local council; -Have trance knowledge and expertise for the purposes of the license; -Pay both required fees. If you intend to apply for a license, you must: let a report to the effect that you have sufficient financial resources to operate the business.
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The duration of this license Duration: Annual Motor Dealers Act and regulations A licensee must be aw be of their duties and obligations under the Motor Dealers Act 1974 and the Motor Dealers prescript 2010 and other applicable Acts and Regulations related to the conduct of the business that they will be let to conduct under the type of license being employ for. You cannot carry on business plot of ground your activity is pending. You would be trading illegally as advantageously as possibly jeopardizing y our chances to obtain a license and you coul! d instance dense penalties. The maximum penalty for unlicensed trading is $110,000.00. fomite ownership You must provide a clear title to every(prenominal) vehicle you sell. If you do pass on an encumbered vehicle, you are presumable to pay any outstanding debts. You cannot repossess the vehicle from the person you sold it to or seek any pay from them....If you wish to get a full essay, order it on our website:

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