ROAD SAFETY ACT 1986 - SECT 5AC Sale of registration number rights
ROAD SAFETY ACT 1986 - SECT 5AC
Sale of registration number rightsS. 5AC(1) amended by Nos 49/2019 s. 116(Sch. 1 item 7), 41/2020 s. 17.
(1) The Secretary may, in accordance with the regulations, enter into a contract to sell (including at auction or by inviting tenders) registration number rights.
(2) Subject to subsection (3), registration number rights may be sold to any person, whether or not eligible to be the registered operator of a vehicle.
(3) Registration number rights to a registration number assigned to a vehicle may only be sold—
(a) to the registered operator of the vehicle; or
(b) to another person, with the consent of that registered operator.
S. 5AC(4) amended by No. 49/2019 s. 116(Sch. 1 item 7).
(4) The price at which registration number rights may be sold may vary according to the particular registration number or class of registration number and is not required to be related in any way to the cost to the Secretary of providing any service.
S. 5ACA inserted by No. 41/2020 s. 18.