NSW Rego More Expensive Paying Annually than 3 or 6 Monthly?

I feel this will be considered quite petty, but renewing my rego tonight I noticed that paying for 12 months costs $1 more than paying two half-yearly or four quarterly periods. What's up with that?

Comments

  • +1 vote

    Outrageous!

    Quick, post it as a deal. :D

  •  

    What their definition of half and quarter though? 182 or 180?, and 91 or 90?

  • +1 vote

    Click bait

  • -2 votes

    Erm, this is green slip ctp?

  • +1 vote

    Well, you'll be checking the 3 or 6 monthly methods now. Evey cent counts when its having to give it to a government authority.

  •  

    You will pay for your green slip

  •  

    Does that mean tho u need to do your pink slip again and again when u pay ctp? Or is it just once per year

    •  

      I don't think so, just the payments that can be multiple times a year. But it looks like the CTP and rego have to have the same periods, which makes sense.

  •  

    I asked the RMS, and got this reply:

    Registration fees are adjusted in accordance with the CPI every January and July. As an example, for registration which is calculated prior to 1 July, the six month fee is $256 and the one year is $513. If you choose the six month option you would be charged $256 and then the next 6 month option which would be calculated after 1 July would be charged at $266 because of the CPI rise. This is $9 more than the $513 you would have been charged if you chose the annual fee. It is therefore cheaper to pay an annual fee than a 6 monthly fee.

    I appreciate this is very confusing but do hope that I have explained it adequately for you.

    So it looks like the annual fee is cheaper than two 6 monthly fees, because the second 6 months will have gone up by the time it comes around…as they said, confusing.

    •  

      That still doesn't really make sense.. Cos you're saying first half is already cheaper by 50cents

      Understand you get the benefit of locking in the price for a year, but first 6 month price should still be half of 12

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