Declaring market value
If the registration of a vehicle is being transferred to another person or organisation, both the seller and the buyer must state the correct market value of the vehicle:
on the back of the certificate of registration; and
on the transfer of registration form to help avoid the chance of buyers making false statements.
If GST is payable on the transfer of a motor vehicle, then duty is calculated on the GST inclusive price.
Last updated: 2008-05-09
