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An Auto Consignment Agreement is essential when a vehicle owner wishes to sell their vehicle through a dealership while retaining ownership until sale. This document is particularly relevant in the Australian market where consignment sales are subject to specific regulatory requirements under both federal and state legislation. The agreement covers crucial aspects such as vehicle valuation, commission structures, insurance requirements, and sales authorization. It ensures compliance with Australian Consumer Law, state-specific motor vehicle trading regulations, and GST requirements. The document is commonly used for luxury vehicles, classic cars, or when owners prefer to leverage a dealership's professional sales capabilities and facilities. It provides protection for both the consignor and consignee by clearly defining responsibilities, liabilities, and the terms of the business relationship.
