40Repossession and restoration

40 Repossession and restoration

40 Repossession and restoration

(cf 2007 reg cl 35)

(1) The holder of a security interest in a registered registrable vehicle must notify Transport for NSW, and apply for transfer of the vehicle, not more than 14 days after—

(a) taking possession of the vehicle from the registered operator of the vehicle, or

(b) returning possession of the vehicle to the registered operator of the vehicle.

(2) The notification and application must be in a form approved by Transport for NSW.

(3) The application must be accompanied by the applicable fee for transfer of registration of the vehicle.