Commonwealth Consolidated Regulations(1) The owner of a registered motor vehicle or trailer shall ensure that, at all times during the period for which the registration of the motor vehicle or trailer remains in force:
(a) there exists under the law of the relevant, or a relevant, State or Territory in relation to the motor vehicle or trailer a scheme relating to motor vehicle accident compensation that applies in respect of the death of, or bodily injury to, persons caused by or arising out of the use, in any State or Territory, of the motor vehicle or trailer; or
(b) there is in force a third‑party policy in respect of the use of the motor vehicle or trailer issued by the approved insurer, or an approved insurer, in respect of the relevant, or a relevant, State or Territory in relation to the motor vehicle or trailer.
(2) A State or Territory is, for the purposes of subregulation (1), a relevant State or Territory in relation to a registered motor vehicle or trailer if the owner of the motor vehicle or trailer carries on, from a place in that State or Territory, a business involving the use of that motor vehicle or trailer.
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