(1) In these Regulations:
"valid" , used about a red ASIC, grey ASIC, VIC or TAC, means:
(a) issued in accordance with Part 6; and
(b) not expired, suspended or cancelled; and
(c) not altered or defaced (permanently or temporarily); and
(d) issued to the person who shows or displays it.
(2) For the purposes of a provision of these Regulations that refers to a person displaying a valid ASIC in a place without specifying which kind of ASIC is to be displayed, a person is taken to be displaying a valid ASIC in the place only if:
(a) the person is properly displaying a valid red ASIC; or
(b) if regulation 3.03 does not require the person to be properly displaying a valid red ASIC in the place--the person is properly displaying a valid grey ASIC.
Note: A requirement under these Regulations to display a valid ASIC cannot be satisfied with a white ASIC.