Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsIncorrect or missing serial number
(1) For subsection 45(1) of the Act, a motor vehicle described in regulation 1.7 is prescribed.
(2) However, in the period that ends at the end of the month that is 24 months after the registration commencement time, a motor vehicle described in regulation 1.7 is taken not to be prescribed for subsection 45(1) of the Act if:
(a) it is subject to a transitional security interest; and
(b) before the registration commencement time, it was not possible to register the transitional security interest by serial number on a transitional register of a State or Territory that registered security interests in motor vehicles.
Taking from prescribed persons
(3) For subsection 45(3) of the Act, a motor vehicle described in regulation 1.7 is prescribed.