Australian Capital Territory Consolidated Acts

SALE OF MOTOR VEHICLES ACT 1977 - SECT 9

A corporation is eligible for the grant of a licence if—

        (a)     each of the executive officers of the corporation is a suitable person; and

        (b)     for an applicant for the grant of a vehicle sale licence—

              (i)     the corporation is not the holder of, or an applicant for, a car market operator licence; and

              (ii)     the corporation has sufficient material and financial resources to carry on business having regard to the scope of its proposed business operations and the liabilities it may incur in the course of carrying on business; and

        (c)     for an applicant for the grant of a car market operator licence—the corporation is not the holder of, or an applicant for, a vehicle sale licence.