National Transport Commission (Road Transport Legislation – Heavy Vehicles Registration Regulations) Regulations 2006
29Repossession and restoration
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29 Repossession and restoration
(1) The holder of a security interest in a registered heavy vehicle must notify the registration authority, and apply for transfer of the vehicle, not more than 14 days after: (a) taking possession of the vehicle from the registered operator; or (b) returning possession of the vehicle to the registered operator. (2) Notification of taking or returning possession must be in a form approved by the registration authority. (3) An application for transfer after taking or returning possession of a registered heavy vehicle must be: (a) in a form approved by the registration authority for the purpose; and (b) accompanied by the appropriate fee for transfer of registration of the vehicle.