(1) Subject to subregulation (2), the Safety Director must refuse to register the transfer of registration of a vessel if—
(a) an order of a court or tribunal of a State or Territory prohibits the sale, disposal or transfer of the registration; and
(b) the Safety Director has been given notice of the order.
(2) The Safety Director is not required to refuse to register a transfer of registration if—
(a) the order is not sufficiently specific to enable the Safety Director to identify the vessel; or
(b) the order applies only to a sale or disposal of the vessel that occurred before the court order was made.