217When does duty become payable?

217 When does duty become payable? (1) Duty becomes payable on the lodging of the application for registration or transfer of registration of the motor vehicle. Note to s. 217(1) amended by Nos 75/2010 s. 23, 52/2021 s. 47(1). Currently the Road Safety (Vehicles) Regulations 2021 contain the requirements for lodgement of applications for registration or transfer of registration of a motor vehicle. (2) If an application for transfer of registration of a motor vehicle is not lodged within the time required by law, penalty tax and interest are payable under the **Taxation Administration Act 1997** on any duty payable on the application as if the duty had been payable at the time the application was required to be lodged. (3) In addition to subsection (2), if an application for transfer of registration of a motor vehicle is not lodged within the time required by law, the person required to lodge the application is liable to a further penalty of— (a) an amount equal to the amount of duty payable on the application and interest on that amount at the rate of 20% per annum from the day on which the application was required to be lodged; or (4) If an application for transfer of registration of a motor vehicle is lodged within the time required by law but duty on the application is not paid on or before the lodging of the application, the person required to lodge the application is liable to a penalty of— (a) an amount equal to the amount of duty payable on the application and interest on that amount at the rate of 20% per annum from the day on which the application was lodged; or (5) The penalty imposed by subsection (4) is in addition to any penalty tax and interest payable under the **Taxation Administration Act 1997**. (6) The Commissioner, in such circumstances as the Commissioner considers appropriate, may remit the penalty imposed by subsection (3) or (4) by any amount. S. 217A inserted by No. 30/2002 s. 10.