Selecting for motor vehicle with trader’s plate

Current

If a person applies to the road transport authority for a trader’s plate, the person must also—

(a)

select, in a way approved by the road transport authority, a licensed insurer to be the MAI insurer for an MAI policy for a motor vehicle to which the trader’s plate may be attached for the period for which the trader’s plate is issued; and

(b)

pay to the road transport authority the MAI premium for the MAI policy for the period for which the trader’s plate is issued.

Note 1

Trader’s plates are issued under the Road Transport (Vehicle Registration) Regulation 2000, s 88.

Note 2

MAI premiums are decided under pt 6.7.

This Act’s bill:Explanatory statement Second reading speech

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300 Selecting for motor vehicle with trader’s plate