58Power to rescind transfers

58 Power to rescind transfers

58 Power to rescind transfers

(1) 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—

(a) not genuine, or

(b) undertaken to avoid liability.

(2) If a transfer is rescinded—

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

(b) 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.

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

(a) the return or issue of vessel registration certificates, and

(b) the refund of fees.

s 58: Rep 2012 No 90, Sch 1 [20]. Ins 2025 No 12, Sch 1[52].