If a vehicle is registered under this Part, no person:
(a) is under an obligation under a law of a State or Territory:
(i) to have the vehicle registered; or
(ii) to apply for the issue of a vehicle licence in respect of the vehicle; or
(iii) to display on the vehicle any registration plates issued under the law of that State or Territory; or
(iv) to ensure that there is in force a third party policy in relation to the use of the vehicle; or
(b) may be found guilty of an offence, or be in any way penalised, under a law of a State or Territory for having used the vehicle, or caused or permitted the vehicle to be used, while:
(i) the vehicle was not registered; or
(ii) a vehicle licence was not in force in respect of the vehicle; or
(iii) registration plates were not displayed on the vehicle; or
(iv) there was not in force a third party policy in relation to the use of the vehicle;
as required under the law of that State or Territory.