Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered RegulationsSection 214 is repealed and the following sections are substituted:
“214 Vehicle dealers—registration of demonstrators and trading stock
“(1) Duty under this Chapter is not chargeable on an application by a licensed vehicle dealer to register a motor vehicle in the dealer's name if—
(a) the vehicle is a demonstrator or trading stock; and
(b) the vehicle is not registered in the name of the dealer at the time of the application.
“(2) However, if the dealer has not—
(a) disposed of the vehicle; or
(b) had the registration of the vehicle renewed under section 214A;
within 12 months after its registration under this section, the dealer becomes liable to pay the duty on the application for registration that would have been payable if the exemption under this section had not applied.
“214A Renewal of registration of demonstrators and trading stock
“(1) The commissioner may, in accordance with guidelines determined by the Minister, authorise a licensed vehicle dealer to maintain the registration of a motor vehicle mentioned in subsection 214 (1) for more than 12 months without becoming liable for the payment of duty on the application to register the vehicle in his or her name.
“(2) An authorisation under subsection (1) (a dealer's authorisation ) may be given subject to conditions.
“(3) A licensed vehicle dealer who renews the registration of a motor vehicle under a dealer's authorisation becomes liable to pay the duty on the application to register the vehicle in his or her name if—
(a) the dealer has not disposed of the vehicle within the time for which its registration may be renewed under the authorisation; or
(b) the authorisation is revoked.
“(4) If a licensed vehicle dealer who has been given a dealer's authorisation does not comply with a condition of the authorisation, the commissioner may revoke the authorisation.
“(5) The Minister may, in writing, determine guidelines for subsection (1).
“(6) Guidelines determined under subsection (5) may provide for payment of an amount by a licensed vehicle dealer for or in relation to obtaining an authorisation under subsection (1).
“(7) A determination under subsection (5) is a disallowable instrument for the Subordinate Laws Act 1989 .”.