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Periodic Payment Calculation

Definition

  • Periodic Registration has been introduced to provide the option for registered operators to register vehicles for periods less than 12 months.
  • Light Vehicles can be registered for 6 or 12 months and Heavy Vehicles can be registered for 3, 6 or 12 months.  There are additional charges for registering vehicle for periods less than 12 months (see formula below).
  • The period of registration can be changed when the vehicle's registration falls due for renewal or is re-registered.
  • Periodic registration is not available to common expiry registration.

How to Use the Periodic Payment Formula

  • Periodic payments are normally calculated automatically on our data base.  The formula is complex.  It is based on the number of days in any given 3 or 6 month period.  Each component of the total registration cost is calculated separately.

Formula to Calculate Periodic Payments

  • Periodic payments are calculated using the following formula:

(FL + RF to nearest 5 cents) + MAIBF + MTF + Administrative Fee $6.05 ($3.00 for pensioners) = SUB TOTAL

SUB TOTAL + plate fee + premium duty ($6.00) + Inspection fee (if required) + market value duty * (if required) = TOTAL AMOUNT PAYABLE

  • Market value duty is unique to each vehicle and is calculated on its market value.  Applicable only for registration issue, re-issue & registration transfers. See Duty Rates.

Detailed Fee Formula

Registration and Fire Levy:

Fire Levy - {N x (F/365)} = FL to the nearest 5 cents
Reg Fee - {N x (R/365)} = RF
Sub-Total (FL + RF) to the nearest 5 cents

Where:

N is the number of days in the period for which registration is sought. This total is determined by not counting the first day of the registration period but including the last.

F is the Fire Levy for a period of 12 months.
R is the registration fee for a period of   12 months not including the Fire Levy.
FL is the periodic Fire Levy Fee.
RF is the periodic Registration Fee

MAIB Premium:

{N x (MAIB/365)} = split + S% = MAIBF

Where:

N is the number of days in the period for which registration is sought.  This total is determined by not counting the first day of the registration period but including the last.

MAIB is the MAIB premium for 12 months.

Split is the calculated split of the MAIB premium.

S is the surcharge % on the split MAIB premium - 3% for 6 monthly and 6% for 3 monthly.

MAIBF is the periodic MAIB fee.

Motor Tax:

{N x (MT/365)} = MTF

Where:

N is the number of days in the period for which registration is sought.  This total is determined by not counting the first day of the registration period but including the last.

MT is the Motor Tax fee for a registration period of 12 months.
MTF is the periodic Motor Tax Fee.

Note:

  • MAIB Premium duty of $6.00 applies to ALL registration transactions including each periodic transaction.
  • Days includes the day of expiry and not the day of issue.
  • Plate/Inspection fee and premium duty ($6.00) cannot be rebated on a pro-rate basis.
  • Add the Administration Fee of $6.05 ($3.00 for pensioners) to the sub-total to all periodic payments.
  • Always round up or down total amount payable to the nearest 5c or 10c.