2.1Taking motor vehicles free of security interests

#### 2.1 Taking motor vehicles free of security interests Incorrect or missing serial number (1) For subsection 45(1) of the Act, a motor vehicle described in regulation 1.7 is prescribed. (2) However, in the period that ends at the end of the month that is 24 months after the registration commencement time, a motor vehicle described in regulation 1.7 is taken not to be prescribed for subsection 45(1) of the Act if: (a) it is subject to a transitional security interest; and (b) before the registration commencement time, it was not possible to register the transitional security interest by serial number on a transitional register of a State or Territory that registered security interests in motor vehicles. Taking from prescribed persons (3) For subsection 45(3) of the Act, a motor vehicle described in regulation 1.7 is prescribed.