(1)  As soon as practicable after selling or otherwise disposing of a licensed vehicle (in this regulation referred to as the "disposed vehicle" ), the licensee must give notice of the disposal to the Competent Authority, that granted the licence, with the licence attached.

Penalty:  Fine not exceeding 5 penalty units.

(2)  The Competent Authority must –

(a) if the licence for the disposed vehicle also relates to another vehicle –

(i) amend the licence by omitting reference to the disposed vehicle; and

(ii) return the licence to the licensee; and

(b) if paragraph (a) does not apply – revoke the licence.