Auction of traditional vehicle registration marks to be held on August 6

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MIL OSI Asia Pacific

Source: Hong Kong Government special administrative region

Headline: Auction of traditional vehicle registration marks to be held on August 6

     The Transport Department today (July 13) announced that the auction of traditional vehicle registration marks will be held on August 6 (Sunday), in Meeting Room S421, L4, Hong Kong Convention and Exhibition Centre, Wan Chai.     “A total of 280 vehicle registration marks will be put up for public auction. The list of marks has been posted at the department’s website, www.td.gov.hk,” a department spokesman said.     Applicants who have paid a deposit of $1,000 to reserve a mark for auction should also participate in the bidding (including the first bid at the reserve price of $1,000). Otherwise, the mark may be sold to another bidder at the reserve price.     People who wish to participate in the bidding at the auction should take note of the following important points:(a) Successful bidders are required to produce the following documents for completion of registration and payment procedures immediately after the successful bidding:
(1) the identity document of the successful bidder;
(2) the identity document of the purchaser if it is different from the successful bidder;
(3) a copy of the Certificate of Incorporation if the purchaser is a body corporate; and
(4) a crossed cheque made payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. (For an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed.) Successful bidders can also pay through the Easy Pay System (EPS). Payment by post-dated cheques, cash or other methods will not be accepted.(b) Purchasers must make payment of the purchase price through EPS or by crossed cheque and complete the Memorandum of Sale of Registration Mark immediately after the bidding. Subsequent alteration of the particulars in the memorandum will not be permitted.(c) A vehicle registration mark can only be assigned to a motor vehicle which is registered in the name of the purchaser. The Certificate of Incorporation must be produced immediately by the purchaser if a vehicle registration mark purchased is to be registered under the name of a body corporate.(d) Special registration marks are non-transferable. Where the ownership of a motor vehicle with a special registration mark is transferred, the allocation of the special registration mark shall be cancelled.(e) The purchaser shall, within 12 months after the date of auction, apply to the Commissioner for Transport for the registration mark to be assigned to a motor vehicle registered in the name of the purchaser. If the purchaser fails to assign the registration mark within 12 months, allocation of the mark will be cancelled and arranged for re-allocation in accordance with the statutory provision without prior notice to the purchaser.     For other auction details, please refer to the Guidance Notes – Auction of Vehicle Registration Marks, which can be downloaded from the department’s website, www.td.gov.hk.

Ends/Thursday, July 13, 2017
Issued at HKT 15:00

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