(1) A person that
applies for the grant or transfer of a licence for a vehicle must include in
the application a statement signed by the applicant setting out —
(a) the
applicant’s estimate of the dutiable value of the vehicle at the time of
the application; and
(b) if
the applicant is a purchaser of the vehicle — the purchase price of
the vehicle.
Penalty: a fine of $20 000.
(2) For the purpose of
determining the dutiable value of the vehicle the Director General may, by
notice given to the applicant, require the applicant to give the Director
General evidence of the dutiable value of the vehicle.
(3) The applicant must
comply with the requirement in subsection (2) within the period stated in
the notice.
Penalty: a fine of $20 000.
(4) This section does
not apply to, or in respect of, a person if —
(a)
under Part 4 Division 1 or 2 — duty is not
chargeable on the grant or transfer of a licence for the vehicle; or
(b)
under Part 4 Division 3 — nominal duty is chargeable on
the grant or transfer of a licence for the vehicle.