Glossary: Change of Ownership
Prior to 30 October 1995, the seller of a vehicle was entirely liable for the lodgement and payment of the “Notice of Change of Ownership”.
As from 30 October 1995, the responsibility is shared between the seller and the buyer. This new “Change of Ownership” process occurs in 2 steps:
- Lodgement of the seller’s notice of disposal (normally by the seller).
- Lodgement of the buyer’s notice of acquisition (normally by the buyer).
The seller does not pay any fee for the “Change of Ownership” when lodging the seller’s notice of disposal (on form MR13A).
A fee is payable by the buyer on lodgement of the Buyer’s notice of acquisition (on form MR13B).
A new owner is:
- Unconfirmed — when a form MR13A has been lodged by the seller, but the MR13B has yet to be lodged by the buyer;
- Incomplete — when the buyer has lodged the MR13B, but failed to produce a valid ID at the time of lodgement of the form;
- Complete — when a form MR13B has been lodged and a valid ID has been produced, either together with the MR13B, or with a form MR34 if is presented at a different time after lodgement of the MR13B.
Published in « Glossary
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