Marine Safety Act 1998

The responsible regulator may rescind the transfer of a vessel registration certificate under this division if, within 14 days after the transfer, the responsible regulator becomes aware that the transfer was—

not genuine, or

undertaken to avoid liability.

If a transfer is rescinded—

the vessel registration certificate is taken to have never been transferred, and

the responsible regulator must notify the person who disposed of the vessel and the person who acquired the vessel of the rescission as soon as practicable after the rescission.

The regulations may provide for the rescission of transfers of vessel registration certificates, including—

the return or issue of vessel registration certificates, and

the refund of fees.