7Refund for surrender of registration—the Act, s 13(b)

7 Refund for surrender of registration—the Act, s 13(b)

7 Refund for surrender of registration—the Act, s 13(b)

(1) The refund of motor vehicle tax must be calculated to reflect the unexpired days of the registration period as a proportion of the registration period.

(2) Only whole unexpired days may be counted for subsection (1).

(3) The relevant date for counting the unexpired days is—

(a) if the cancellation occurred because the motor vehicle was damaged in an incident or stolen—the date on which the vehicle was damaged or stolen, or

(b) otherwise—the date on which Transport for NSW cancels the registration.

(4) The amount calculated under subsection (1) must be reduced to pay unpaid fees in relation to the motor vehicle payable under the Road Transport Act 2013, including fees—

(a) under a regulation made under that Act, or

(b) for the cancellation of the registration.

(5) The amount of a refund calculated under this section must be rounded down to the nearest dollar.