Form of registration and transfer of registration

(1) Every registration granted under this Part shall be in the prescribed form and shall be valid only in respect of the bicycle for which it has been issued. 42 (2) On the change of ownership of a bicycle, the registered owner and the new owner shall, within fourteen days of the date of such change, notify a transport officer in writing on the prescribed form. (3) Such notification shall be signed by the registered owner and by the new owner and shall be accompanied by the registration for the bicycle and a transfer fee of the prescribed amount. (4) The transport officer shall thereupon issue a new licence in the new owner’s name and enter that name in the records, and thereafter the new owner shall be deemed to be the registered owner of the bicycle.