RACV has welcomed the State Government’s decision to allow many Victorians to pay their vehicle registration on a quarterly or half-yearly basis from 1 January.
RACV has long advocated for the change, saying Victoria was lagging behind most of Australia with its rigid annual payment system.
RACV’s manager, roads and traffic, Dave Jones said: “This change will make it easier for families to manage their budgets, and be consistent with other states.”
The option will be available for cars, utes, vans, motorcycles and other light vehicles.
Roads Minister Luke Donnellan said the VicRoads IT system needs to be upgraded before the revised payment option can be introduced.
"It'll be ready to go on January 1, 2018, but we needed to upgrade the IT system to accommodate the approximately five million transactions per year," he said.
The Government said there would a $2.45 administration fee per transaction. Eligible concession card holders who pay for registration in three or six-month periods and annual registration payments will not be charged this fee.
RACV has been advised there will be a direct debit option available so vehicle owners can set up their payments in advance.
Members can register online for myVicRoads to be notified when the shorter registration payments become available as well as receiving SMS and email reminders when payments are due. For more information visit vicroads.vic.gov.au/registration/registration-fees/short-term-rego.