(1) A ship required to be registered that is not registered:
(a) shall not be recognized as an Australian ship; and
(b) is not entitled to any benefits, privileges, advantages or protection usually enjoyed by a registered ship.
(2) For the purposes of any law of the Commonwealth or of a State or Territory providing for:
(a) the payment of fees or other charges;
(b) the liability to fines and forfeiture; or
(c) the punishment of offences committed on board a ship, or by any persons belonging to a ship;
a ship to which subsection (1) applies shall be dealt with in the same manner in all respects as if the ship were registered.