(1) This section applies if
the commissioner is satisfied that—
(a) after an application to register or
transfer a vehicle is made, the vehicle is repossessed from a person because
it was stolen before it was acquired by the person; or
(b) vehicle
registration duty was paid for an application to register or transfer a
vehicle and the transaction is cancelled within 3 months after the application
is made.
(2) On application made by the person who paid the vehicle
registration duty on the application to register or transfer the vehicle, the
commissioner must make a reassessment of the duty paid as if it were exempt
from vehicle registration duty.
(3) An application under subsection (2) must
be made within 1 year after the application to register or transfer the
vehicle was made.
