(1) A person that
applies for the grant or transfer of a licence for a vehicle must include in
the application a statement signed by the applicant setting out —
(a) the
applicant’s estimate of the dutiable value of the vehicle at the time of
the application; and
(b) if
the applicant is a purchaser of the vehicle — the purchase price of the
vehicle.
Penalty: a fine of $20 000.
(2) For the purpose of
determining the dutiable value of the vehicle the CEO may, by notice given to
the applicant, require the applicant to give the CEO evidence of the dutiable
value of the vehicle.
(3) The applicant must
comply with the requirement in subsection (2) within the period stated in the
notice.
Penalty: a fine of $20 000.
(4) This section does
not apply to, or in respect of, a person if —
(a)
under Part 4 Division 1 or 2 — duty is not chargeable on the grant or
transfer of a licence for the vehicle; or
(b)
under Part 4 Division 3 — nominal duty is chargeable on the grant or
transfer of a licence for the vehicle.
[Section 234 amended: No. 8 of 2012 s. 96.]