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>> 16/November/2010 - VACC: It's Time To Change Victoria's 'Rego' Payment

VACC is demanding the next Victorian Government introduces a new option for paying vehicle registrations.

Currently, owners of cars, four wheel drives, vans, trucks, motorcycles, prime movers and buses in Victoria have just one payment option for a twelve month period for their vehicle registration, that being a one lump sum (only concession card holders have the option of a six month payment).

Ahead of the State Election on November 27, VACC has repeated its call for the next Victorian Government to enable VicRoads, the fee collectors, to introduce a six month 'rego' payment option.

"An up-front, one off vehicle registration payment is outdated and out of step with other household bills. In this regard, Victoria has fallen behind," VACC Executive Director, David Purchase, said.

"Australians can spread their financial burden by paying by installments for most essential goods and services, for example, mortgages, rates, utilities, motor finance and insurance, so why can’t they break their ‘rego’ into bite-sized payments too?" said Mr Purchase.

At over $600 per annum, vehicle registration and TAC fees payable on the average family car are one of the largest Government levied charges in the household budget. Many families own two cars and, therefore, registration fees are a significant cost to them.

Unlike vehicle owners in other States and Territories, Victorians cannot opt to pay registration and compulsory insurance fees in two or more installments. VACC says the introduction of a variable payment option would be simple because the infrastructure and technology already exists.

"A variable payment option would also assist Victorian small business owners. Licensed Motor Car Traders (LMCTs), registering cars, motorcycles, or commercial vehicles on behalf of consumers, or for stock, have to pay the twelve month registration even though the vehicle is usually sold within the first month," Mr Purchase said.

Comparison table of vehicle registration payment options in Australian States
Registration payment option

VICTORIA - 12 months (only concession card holders have a 6 month option)
NSW - 6 or 12 months
QLD - 6 or 12 months (depending on engine size)
ACT - 3, 6 or 12 months
TAS - 6 or 12 months
WA - 6 or 12 months
SA - 3, 6, 9 or 12 months
NT - 6 or 12 months

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