Northern Territory Numbered Regulations

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AMENDMENTS OF MOTOR VEHICLE DEALERS REGULATIONS (NO 17 OF 2004) - REG 5

Criteria as to material and financial resources

    Regulation 10 of the Principal Regulations is amended –

    (a)     by omitting paragraph (a); and

    (b)     by omitting paragraph (g) and substituting the following:

    "(g)     maintain a level of liquidity, profitability and financial stability that is appropriate for the carrying on of a motor vehicle dealer's business of the size proposed by the applicant, as assessed by the Commissioner in accordance with guidelines issued under regulation 10B, having regard to the financial information that is provided in the application by the applicant.".



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