Duty is not chargeable
on the grant of a licence for a heavy vehicle to a person if —
(a) the
vehicle was, immediately before 16 January 1997, registered in that
person’s name under the Interstate Road Transport Act 1985
(Commonwealth); and
(b)
since 16 January 1997, no licence or registration has been granted
under the Road Traffic Act or a corresponding State law for the vehicle in any
other person’s name.