(1) An authorised person may cancel the acceptance of a known user statement or sold vehicle statement as an effective statement for the purposes of this Part if—
(a) the person nominated in the statement as being the responsible person gives to an authorised person within the prescribed period a nomination rejection statement; and
(b) the authorised person is satisfied, having regard to the matters stated in the nomination rejection statement, that the nomination was incorrect.
(2) If the acceptance of a statement as an effective statement is cancelled under subsection (1), on that cancellation—
(a) the statement ceases to be an effective statement for the purposes of this Part and cannot be used by an authorised person to make a tolling nomination statement; and
(b) the operator who would, but for the statement, have continued to be the responsible person in relation to the vehicle becomes again the responsible person.
S. 72AB inserted by No. 74/2007 s. 65.