Verstöße gegen Kredit- und Lizenzanforderungen durch unzureichende Kundenprüfung

Definition

Australian motor dealer and trader licensing regimes require evidence of sufficient financial resources, credit history checks and proof that individuals involved are of good character and fit and proper to be in the business of buying and selling vehicles.[3] Applications that do not meet these standards can be refused or withdrawn, and unlicensed trading is explicitly prohibited.[3] While statutory penalties for each instance of unlicensed trading vary by state and are not all enumerated in the guidance, they typically reach tens of thousands of dollars per offence based on comparable consumer protection and licensing regimes. If wholesalers do not systematically verify that their trade customers hold and maintain the required dealer or trader licences and have adequate financial standing, they risk transacting with unlicensed or unsuitable entities. This can lead to: (1) civil or regulatory action for facilitating or engaging with unlicensed trading; (2) inability to rely on contractual protections if the counterparty was unlawfully operating; and (3) higher incidence of bad debts when thinly capitalised or unfit traders fail. Logic-based estimation: if enforcement results in even a single penalty of AUD 20,000–50,000 every few years and an incremental bad debt of AUD 100,000 from dealing with an unsuitable trader, the annualised expected loss can easily approximate AUD 20,000–40,000 per wholesaler.

Why This Matters

The Pitch: Kfz-Großhändler in Australien 🇦🇺 riskieren Bußgelder im fünfstelligen AUD-Bereich je Verstoß, wenn sie mit nicht korrekt lizenzierten oder ungeeigneten Händlern handeln. Ein systematischer Onboarding-Check (Lizenz, Finanzkraft, Identität) reduziert dieses Risiko drastisch.

Affected Stakeholders

Compliance officer, Dealer principal / directors, Legal counsel, Credit and risk managers

Related Business Risks