You can surrender your motor car trader's licence by complete and lodging one of the following:
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You must return your licence certificate within 14 days to:
Business Licensing Authority
GPO Box 322
Melbourne VIC 3001
If you no longer possess your licence, you will need to fill out a statutory declaration explaining why you are unable to return it.
If you surrender your licence and then decide to re-apply in future, you will be issued with a new Licensed Motor Car Trader (LMCT) number.
Your licence will be automatically cancelled if you:
- do not comply with both your annual statement and licence fee requirements
- become insolvent under administration (this includes if you are an undischarged bankrupt)
- become an externally administered company
- become a represented person under the Guardianship and Administration Act 1986.
Your licence will be cancelled after 30 days if you are a sole trader, partner or director, and you are:
- disqualified from holding a licence
- convicted or found guilty of a serious offence (regardless of whether a conviction was recorded), unless you lodge an application for permission to continue holding a licence (in such cases, you may continue trading until the Business Licensing Authority (BLA) makes a formal decision).
You must return a suspended or cancelled licence certificate to the BLA within:
- the period specified by the Victorian Civil and Administrative Tribunal (VCAT) if it suspends or cancels the licence, or
- seven days of becoming aware of the suspension or cancellation.
If your licence is cancelled and you are granted a new licence in the future, you will be issued with a new LMCT number.