9.1
CurrentTransitional meaning of watercraft
Part 9Transitional provisions
9.1 Transitional meaning of watercraft
The definition of watercraft in regulation 1.6 includes an outboard motor that has a manufacturer’s number if:
(a)
the outboard motor is subject to a transitional security interest; and
(b)
before the registration commencement time, the outboard motor was registered on a transitional register, under legislation that conferred priority on security interests that are registered.
This Act’s bill:Explanatory statement
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