Category: Industry News

BAILMENT AND FLOOR PLAN FACILITIES: THE RISKS

The world of bailment agreements, floor plan facilities, consignment sales, personal property securities legislation, the tort of conversion and transfer of title is a legal and financial maze that all of the participants, namely bailment/floor plan financier, Dealer, consumer and…

VOORTMAN TO TAKE OVER AS CEO

AADA is pleased to announce the appointment of James Voortman as the Australian Automotive Dealer Association’s new Chief Executive Officer, commencing his responsibilities on 1 July 2019. Mr Voortman has extensive policy and automotive advocacy experience and has worked as…

APPLICATION OF LCT TO TRADE-INS

There is a misconception amongst some Dealers that Luxury Car Tax (LCT) is not payable in relation to sales of cars that have been traded in. Whilst the circumstances in which a Dealer is required to account for LCT on…

HUMAN CAPITAL INDEX

Employees continue to be the single largest expense in a dealership business and there is no doubt the effectiveness of your people is the difference between outstanding and average results, which is more pertinent in challenging trading conditions. Understanding the…

BLACKHALL TO CONSULT AS TRANSITION PLAN TAKES SHAPE

AADA CEO, David Blackhall, will reduce his full-time commitments at the end of his current contract on 30 June 2019. AADA is delighted that David will continue in a consultancy and advisory capacity to the AADA for a further six…

AADA TO WORK WITH GOVERNMENT ON POINT OF SALE EXEMPTION

AADA will work with the Federal Government to ensure the Government’s decision to abolish the point of sale exemption for retail Dealers providing car finance does not hurt the industry. The decision, based on a recommendation in the Banking Royal…

DEALERS SUPPORT EV REVOLUTION

AADA has welcomed the release of a report by the Senate Select Committee Inquiry into Electric Vehicles, but disagrees with its suggestion that Australia’s retail automotive Dealers were failing to promote growth in EV sales. The report was critical of…