Motor Vehicles Taxation Regulation 1998 (NSW)

His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Motor Vehicles Taxation Act 1988.

Minister for Roads

Part 1Preliminary1Name of Regulation

This Regulation is the Motor Vehicles Taxation Regulation 1998.

2Commencement

This Regulation commences on 29 June 1998.

3Definitions

In this Regulation:

the Act means the Motor Vehicles Taxation Act 1988.

Part 2Refunds4Calculation of refund of taxes on cancellation of registration(1)

For the purposes of section 13 (b) of the Act, a refund of a tax imposed in respect of a vehicle under the Act is to be calculated in accordance with this clause.

(2)

A refund is to be calculated using the formula:

where:

fee means any unpaid fees payable under the Road Transport (Vehicle Registration) Act 1997 or the Road Transport (Vehicle Registration) Regulation 1998 (including any unpaid fee for the cancellation of the registration).

number of days means the number of unexpired days of the registration period of the vehicle concerned, from the date on which the Authority cancels the registration of the vehicle.

tax means the tax imposed in respect of the vehicle under the Act.

(3)

If an amount of refund determined in accordance with subclause (2) would comprise an amount which is not a whole number of dollars, the amount of refund is to be adjusted downwards to the next whole number of dollars.