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 Cashing In Qld Registration - how much ya get?  

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BRISBANE EPOXY FLOORS
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Post #1 post 18th July 2011 - 10:13 PM
hi guys. i just got a car off my mums friend that was going to cash in the rego and scrap the car. i said id give him however much he would get back for the rego and id have the car.


so how much would he have gotten back from 6 months 4 cylinder rego? dont ya only get back half of it coz one part isnt refundable?

was just on qld transport for a while. cant find it

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slo14
Post #2

I cancElled my rego and had just over 4months left and onli got $149 back

ajr1990
Post #3

You get the amount that is unused. So if you have 100 days remaining they will deduct 80 days from it.

slo14
Post #4

They can't tell u exact amount till the punch it up On the comp...lady there could tell me till she processed it

200sx_s13
Post #5

the refund of it also only is from the rego side, the ctp side isn't refunded at all

Mick_C
Post #6

QUOTE (200sx_s13 @ Jul 18 2011, 10:58 PM) *
the refund of it also only is from the rego side, the ctp side isn't refunded at all


That's not correct, in Queensland you receive a pro rata refund of the CTP premium (I know this is different in New South Wales and possibly other states as well).

I just cancelled the registration on one of my cars that is destined for life as a track hack and an admin fee was deducted, about $40 from memory. Also I believe that only the registration and CTP components are refunded, other minor duties and charges that are incurred when registering a car are not refundable upon cancellation.

I don't own a 4 cylinder so I wouldn't know the exact amount but if it was $350 for instance I'd expect something in the order of $280 to be refunded.

200sx_s13
Post #7

be handed back in our plates and were refiunded for 5months worth which came to be just under $150, CTP we were advised is only refunded if initial purchase of it does not go ahead when its bought to have vehicle moved original in the attempt of gaining a rwc.

Mick_C
Post #8

QUOTE (200sx_s13 @ Jul 18 2011, 11:15 PM) *
be handed back in our plates and were refiunded for 5months worth which came to be just under $150, CTP we were advised is only refunded if initial purchase of it does not go ahead when its bought to have vehicle moved original in the attempt of gaining a rwc.


You were advised incorrectly, I'll dig up the relevant legislation tomorrow but will quote the DOT website for the time being:

QUOTE
If you are cancelling vehicle or motorbike registration, the Department of Transport and Main Roads will, on behalf of your compulsory third party (CTP) insurer, include a refund of the remainder of your compulsory third party insurer's premium with the registration refund.
slo14
Post #9

QUOTE (200sx_s13 @ Jul 18 2011, 11:15 PM) *
be handed back in our plates and were refiunded for 5months worth which came to be just under $150, CTP we were advised is only refunded if initial purchase of it does not go ahead when its bought to have vehicle moved original in the attempt of gaining a rwc.


Same with my rego but I had just over 4 months remaining and got sometime like $149.50 or something like that.....I read in the paper a while back some pensioner lady tried canceling her rego the day after it was paid and she got like $100 less then what she paid a day earlier

BRISBANE EPOXY FLOORS
Post #10

yeah. you dont get the traffic improvement fee back. i found that bit out

220stroker
Post #11

I had mine cancelled from when my xr8 was reported stolen and it was cancelled 2 weeks later and it had 8 weeks out of the 6 months and I got $265 back and it cost nearly $500 for 6 months so I think I did well out of it

Mick_C
Post #12

QUOTE (slo14 @ Jul 18 2011, 11:35 PM) *
Same with my rego but I had just over 4 months remaining and got sometime like $149.50 or something like that.....I read in the paper a while back some pensioner lady tried canceling her rego the day after it was paid and she got like $100 less then what she paid a day earlier


From the Motor Accident Insurance Regulation:
QUOTE

12 Refund on cancellation of registration

(1) If the registration of a motor vehicle is cancelled before the end of the registration period for the vehicle, the vehicle's insurer must, if asked by--

(a) the registered operator of the vehicle at the time of cancellation (the former registered operator); or

(b) transport administration;

refund to the former registered operator, within 1 month after receiving the request, an amount worked out using the formula....


For shits and giggles I just did an online quote for a 4 cylinder, if the registration was renewed for 6 months and cancelled later the same day a refund of $286.80 will be issued (total of registration fee and CTP less traffic improvement fee, surcharge and administrative fee). The admin fee is only $14.70 so I was a bit off with that guess lol.

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