(1) If a relevant corporation cancels or suspends the registration under this Part of a vehicle, it must do so—
(a) by any method stated for that purpose in an agreement relating to the vehicle; or
(b) by giving notice of the cancellation or suspension in one of the following ways—
(i) by personal service of written notice on the person who sought the registration;
(ii) by personal service of written notice at the last address given to the relevant corporation by the person who sought the registration on a person who appears to be at least 16 years of age;
(iii) by written notice posted to the last address given to the relevant corporation by the person who sought the registration;
(iv) by written notice posted to the address of the owner of the vehicle to which the registration applies;
(v) if the person who sought the registration is a corporation—
(A) by personal service of written notice at the registered office of the corporation on a person who appears to be at least 16 years of age; or
(B) by written notice posted to the registered office of the corporation.
(2) A person is deemed to have been given a notice of cancellation or suspension—
(a) under subsection (1)(b)(ii) on the next business day after the notice was served; or
(b) under subsection (1)(b)(iii), (iv) or (v)(B) on the third business day after the envelope containing the notice was posted; or
(c) under subsection (1)(b)(v)(A) on the day the notice was served.