ROAD SAFETY (VEHICLES) REGULATIONS 2009 (SR NO 118 OF 2009) - REG 62 Compensation

ROAD SAFETY (VEHICLES) REGULATIONS 2009 (SR NO 118 OF 2009) - REG 62

r. 62

    (1)     An owner of registration number rights cancelled under regulation 60(a) may apply in writing to the Corporation for compensation.

    (2)     The amount of compensation payable by the Corporation for the cancellation of the rights is the amount determined by the Corporation to be the fair market value of—

        (a)     the registration number rights; and

        (b)     any number plate bearing the registration number.

    (3)             If the Corporation makes a decision under subregulation (2), it must give written notice to the applicant of the applicant's rights to internal and external review of the decision under Part 2.12 of Chapter 2.