Commonwealth Consolidated Regulations(1) In these Regulations:
valid , used about an ASIC or VIC, means:
(a) issued in accordance with Part 6; and
(b) not expired or cancelled; and
(c) not altered or defaced (permanently or temporarily); and
(d) issued to the person who shows or displays it.
(2) If a provision of these Regulations requires a person to display a valid ASIC in a place without specifying whether the ASIC must be a red ASIC or a grey ASIC:
(a) a person who is properly displaying a valid red ASIC satisfies the requirement; and
(b) whether a person who is properly displaying a valid grey ASIC satisfies the requirement is to be decided in accordance with regulation 3.03.