All you want to know about... MOTOR INSURANCE
| RM2 for 150cc m-cycle licence |
The following article is extracted from:
THE STAR WEDNESDAY 17 SEPTEMBER 2003
RM2 for 150cc m-cycle licence
PUTRAJAYA: Owners of motorcycles 150cc and below must pay RM2 for a new motor vehicle licence or renewal, following the Budget 2004 regulation to exempt this category of motorcycles from road tax.
Transport Minister Datuk Chan Kong Choy said yesterday the licence would only be issued if the application came with a valid motor insurance - at least third party insurance. "Owners have to pay RM2 for every transaction and they can choose either renew their licence every six months or yearly," he said. He said transactions could only be done at the JPJ for the time being, but would also be possible at post offices once they upgrade their system. "The post office will make an announcement on when it can resume transactions," Chan said, adding that the usual RM2 service charge imposed by post office would remain.
He said the exemption involved 4.17 million motorcycles and would mean RM224.4mil less revenue for the Government. Prior to the exemption, the charge for such motorcycles was between RM50 and RM65 in the peninsula, RM50 in Sabah and between RM12 and RM24 in Sarawak.
Chan said the RM1 charge for motor vehicle licence for motorcycles with a net weight of not more than 250kg - specially modified for the handicapped - would remain unchanged. He said the handicapped who owned locally made motorcycles, cars and vans would only need to pay RM2 for their motor vehicle licence, also provided they had at least valid third party insurance.
On the 50% discount on road tax for buses used to ferry workers, Chan said the owners would get the discount when they renewed their licences. He said they paid between RM238 and RM480, depending on the engine capacity, prior to the discount.
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