123Refunds

123 Refunds (1) If the registration of a vehicle is cancelled, the Secretary may refund part of the registration fees calculated in accordance with the following formula— **R** is the amount of the refund (in dollars); and **A** is the unexpired number of days of duration of the registration; and **B** is the total number of days for which the registration was granted; and **C** is the amount paid for the registration (in dollars). (2) If there is a change in the use or description of a registered vehicle as a result of which a lower registration fee is payable, the Secretary must refund the difference in fees in accordance with the following formula— **R** is the amount of the refund (in dollars); and **A** is the unexpired number of days of duration of the registration after the change; and **B** is the total number of days for which the registration was granted; and **C** is the amount of the difference in fees (in dollars). (3) The Secretary may require a person to pay the relevant fee specified in Schedule 4 for processing the refund. (4) The Secretary may deduct the fee referred to in subregulation (3) from any refund. (5) The Secretary is not required to refund an amount that would be payable if the amount of refund is equal to or less than the fee referred to in subregulation (3). (6) The Secretary is not required to refund part of the registration fee for a registered vehicle if there is a change to the registered operator of the vehicle after the commencement of the period of registration.