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16.—(1) If, after a vehicle has been disposed of by a custodian pursuant to regulation 13, a person claims to have been the owner of the vehicle at the time when it was disposed of and the conditions specified in paragraph (2) are fulfilled, there shall be payable to him by the custodian a sum calculated in accordance with paragraph (3).
(2) The conditions are that—
(a)the person claiming satisfies the custodian that he was the owner of the vehicle at the time it was disposed of; and
(b)the claim is made before the end of the period of one year beginning with the date on which the vehicle was disposed of.
(3) The sum payable under paragraph (1) shall be calculated by deducting from the proceeds of sale the sums that would have been payable under regulation 15(2) had the vehicle been claimed by the owner immediately before its disposal together with such penalty charge as may be imposed by the charging scheme in respect of the disposal of a vehicle.
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