233HRepossessions and restorations

233H Repossessions and restorations (1) No duty is chargeable under this Chapter on an application for transfer of registration of a motor vehicle lodged by— (a) a person who has taken or is taking possession of a motor vehicle from the registered operator under a security interest held by the person; or (b) a person who was formerly the registered operator of a motor vehicle and who has taken or is taking possession of the vehicle from another person who holds or held a security interest in the vehicle. ***security interest***, in relation to a motor vehicle, means an interest in, or a power over, the vehicle that secures payment of a debt or other pecuniary obligation or the performance of any other obligation but does not include a possessory lien or pledge. S. 234 repealed by No. 36/2005 s. 18. S. 234A inserted by No. 46/2001 s. 19.