(1)  Subject to the regulations, a motor vehicle or a trailer is exempt from registration under this Act if –

(a) the vehicle is registered in a foreign country; and

(b) the requirements of the regulations relating to third-party insurance have been complied with.

(2)  Requirements and conditions affecting the use of the vehicle on roads in the country of registration (other than requirements and conditions that are contrary to Tasmanian law or incapable of application in Tasmania) are taken to be requirements and conditions affecting the use of the vehicle on public streets in Tasmania.

(3)  A person must not contravene, or permit a contravention of, any such requirement or condition.

Penalty:  In the case of –

(a) a first offence – a fine not exceeding 20 penalty units; and

(b) a second or subsequent offence –

(i) for a body corporate – a fine not exceeding 200 penalty units; and

(ii) for an individual – a fine not exceeding 40 penalty units or imprisonment for a term not exceeding 3 months.