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5.—(1) In paragraph (3) of regulation 13 (change of ownership), there shall be added:
“(4) This regulation shall be subject to regulation 13A.”.
(2) There shall be inserted after regulation 13 the following—
13A—(1) This regulation applies, and regulation 13 does not apply, where—
(i)a mechanically propelled vehicle in respect of which a registration book has been issued has substantial damage to its bodywork; and
(ii)either the owner does not have insurance which covers such damage to bodywork of the vehicle, or the owner is an insurance company.
(2) On a change of ownership of a mechanically propelled vehicle the registered owner shall forthwith surrender the registration book to the Secretary of State, or in the case of an insurance company, destroy it.
(3) In this regulation, “substantial damage” means damage the cost of commercial repair of which would exceed the value of the vehicle.”.
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