sec.24Amount of levy— Act , s 99

sec.24 Amount of levy— Act , s 99

The levy fixed for the 2025–2026 financial year for each class of motor vehicle stated in schedule 1 is the amount stated in schedule 1 opposite the class of motor vehicle. For subsection (1) , a motor vehicle has, for a registration period, the same class as it has for working out the appropriate insurance premium payable for the registration period in relation to the vehicle under the Insurance Act , section 21 . The levy fixed under subsection (1) is the amount appropriate to a registration period of 1 year and, if the registration period is more or less than 1 year, the amount of the levy is worked out using the formula— where— A is the amount of the levy fixed under subsection (1) . N is the number of days in the registration period. However, if the motor vehicle is a motor vehicle, other than a trailer, for which an unregistered vehicle permit has been or is to be issued, the levy under subsection (1) applies irrespective of the period of the permit. In this section— motor vehicle see the Insurance Act , section 4 . registration period see the Motor Accident Insurance Regulation 2018 , schedule 5 . unregistered vehicle permit see the Motor Accident Insurance Regulation 2018 , schedule 5 . s 24 amd 2017 SL No. 39 s 7 ; 2018 SL No. 32 s 14 ; 2018 SL No. 113 s 37 ; 2019 SL No. 34 s 8 ; 2020 SL No. 38 s 9 ; 2021 SL No. 22 s 7 ; 2022 SL No. 32 s 7 ; 2023 SL No. 22 s 7 ; 2024 SL No. 28 s 8 ; 2025 SL No. 17 s 7 (sec.24-ssec.1) The levy fixed for the 2025–2026 financial year for each class of motor vehicle stated in schedule 1 is the amount stated in schedule 1 opposite the class of motor vehicle. (sec.24-ssec.2) For subsection (1) , a motor vehicle has, for a registration period, the same class as it has for working out the appropriate insurance premium payable for the registration period in relation to the vehicle under the Insurance Act , section 21 . (sec.24-ssec.3) The levy fixed under subsection (1) is the amount appropriate to a registration period of 1 year and, if the registration period is more or less than 1 year, the amount of the levy is worked out using the formula— where— A is the amount of the levy fixed under subsection (1) . N is the number of days in the registration period. (sec.24-ssec.4) However, if the motor vehicle is a motor vehicle, other than a trailer, for which an unregistered vehicle permit has been or is to be issued, the levy under subsection (1) applies irrespective of the period of the permit. (sec.24-ssec.5) In this section— motor vehicle see the Insurance Act , section 4 . registration period see the Motor Accident Insurance Regulation 2018 , schedule 5 . unregistered vehicle permit see the Motor Accident Insurance Regulation 2018 , schedule 5 .