27. Transfer of business service passenger vehicle

Subject to paragraph (2), a motor car which is registered as a business service passenger vehicle shall not be transferred to and registered in the name of an individual for use as a private motor car.

Paragraph (1) shall not prohibit the transfer to an individual of a motor car which is registered in the name of —

a firm or a company which has repossessed the motor car under a hire-purchase agreement or any other financing arrangement for the purpose of selling that motor car or letting it to another hirer under another agreement or arrangement;

a firm or a company which deals in secondhand motor vehicles and has bought the motor car for the purpose of resale; and

an insurer registered under the Insurance Act (Cap. 142) which has taken over a registered vehicle from an insured under a policy of insurance for the purpose of settlement of an insurance claim.

Any individual who is prohibited under paragraph (1) from having a business service passenger vehicle transferred to and registered in his name as a private motor car and who keeps or is in possession of the vehicle for more than 7 days after purchasing it shall be guilty of an offence.

Paragraph (1) shall not apply to the transfer of any motor car effected on or after 1st April 1998 or to the registration of any motor car using a certificate of entitlement issued on or after 1st April 1998.

Subject to paragraph (2), a motor car which is registered as a business service passenger vehicle shall not be transferred to and registered in the name of an individual for use as a private motor car.

Paragraph (1) shall not prohibit the transfer to an individual of a motor car which is registered in the name of —

a firm or a company which has repossessed the motor car under a hire-purchase agreement or any other financing arrangement for the purpose of selling that motor car or letting it to another hirer under another agreement or arrangement;

a firm or a company which deals in secondhand motor vehicles and has bought the motor car for the purpose of resale; and

an insurer registered under the Insurance Act (Cap. 142) which has taken over a registered vehicle from an insured under a policy of insurance for the purpose of settlement of an insurance claim.

Any individual who is prohibited under paragraph (1) from having a business service passenger vehicle transferred to and registered in his name as a private motor car and who keeps or is in possession of the vehicle for more than 7 days after purchasing it shall be guilty of an offence.

Paragraph (1) shall not apply to the transfer of any motor car effected on or after 1st April 1998 or to the registration of any motor car using a certificate of entitlement issued on or after 1st April 1998.