Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) An individual is eligible for the grant of a licence if—
(a) the individual is at least 18 years old; and
(b) the individual is a suitable person; and
(c) the individual is not bankrupt and has not executed a personal insolvency agreement; and
(d) having regard to the factors specified in subsection (2), the individual is likely to be able to comply with the obligations applicable to the licence; and
(e) for an applicant for the grant of a vehicle sale licence—
(i) the individual is not the holder of, or an applicant for, a car market operator licence; and
(ii) the individual has sufficient material and financial resources to carry on that business in accordance with subsection (3);
(f) for an applicant for the grant of a car market operator licence—the individual is not the holder of, or an applicant for, a vehicle sale licence; and
(g) if the licence is granted, the individual intends to carry on the business during the period of the licence.
(2) For subsection (1) (d), the question whether an individual is likely to be able to comply with the obligations applicable to the licence is to be determined having regard to his or her—
(a) apparent understanding of those obligations; and
(b) general business experience (whether or not in the motor trade); and
(c) previous employment (whether or not in the motor trade); and
(d) knowledge of the operation of businesses of the type proposed to be engaged in by the individual; and
(e) level of education; and
(f) personal capacity.
(3) For subsection (1) (e), the question whether an individual has sufficient material and financial resources to carry on the proposed business is to be determined having regard to—
(a) the scope of the individual's proposed business operations; and
(b) the liabilities the individual may incur in the course of carrying on that business.