Document ID: chunk:federal_register_of_legislation:F2015L01245:body:0:p9
Version: federal_register_of_legislation:F2015L01245
Segment Type: other
Provision Reference: 
Character Range: 22969–25635

under this Scheme.

3.6.2          Conditions relating to the compensation payment

    3.6.2 If a person receives compensation in the form of a subsidy to assist with the purchase of a motor vehicle under this Scheme, the person must:

      (a)     register the motor vehicle; and

      (b)     comprehensively insure the motor vehicle to its full market value.

3.6.3          Ownership of motor vehicle

    3.6.3        If a person receives compensation in the form of a subsidy to assist with the purchase of a motor vehicle under this Scheme:

      (a)     the person is taken to be the legal owner of the motor vehicle; and

      (b)     it is a condition of the subsidy that the Commonwealth has a chattel mortgage interest in the motor vehicle to the extent of the amount of the subsidy; and

      (c)     the motor vehicle cannot be sold, transferred, encumbered or otherwise dealt with without the written agreement of the Commonwealth or without the Commonwealth agreeing in writing to the discharge of the chattel mortgage; and

      (d)     any sale, transfer, encumbrance or other dealing without the agreement of the Commonwealth is void and of no effect as against the Commonwealth; and

      (e)     if there is a breach of any other provision of paragraph 3.6.3, the Commission may notify the person in writing that if the breach is not rectified within 30 days of receiving the notice, the amount owing under the chattel mortgage becomes a debt due and payable by the person to the Commonwealth and legal title to the motor vehicle will revert to the Commonwealth if the amount due and payable is not paid within 2 days after the end of the 30 day period and that the Commonwealth will take possession of the motor vehicle if the amount due and payable is not paid by the end of the 2 day period; and

      (f)      if a notice is given under paragraph (e) and the breach is not rectified or the amount due and payable paid by the end of the 2 day period the legal title reverts to the Commonwealth and the Commonwealth may take possession of the motor vehicle; and

      (g)     if the person had contributed an amount to the purchase of the motor vehicle at the time the motor vehicle was acquired by the person, the person is entitled to a proportionate amount of the value of the motor vehicle when the Commonwealth takes possession of the motor vehicle; and

      (h)     it is a condition of the subsidy that the person maintain the motor vehicle in good working order; and

      (i)      it is a condition of the subsidy that if the motor vehicle is damaged and the person receives any payment in respect of the damage from an