Renewal of registration

(1) The registration of a bill of sale must be renewed once in every five years, and if a period of more than five years elapses from the registration or renewed registration of a bill of sale without a renewal or further renewal, as the case may be, the registration shall be void. (2) The renewal of a registration shall be effected by filing with the Registrar General an affidavit stating the date of the bill of sale and of the last registration thereof, and the names, residences and occupations of the parties thereto as stated therein, and that the bill of sale is still a subsisting security. The affidavit may be in the form set out in Schedule I. Schedule I. 12 Bills of Sale Act (3) A renewal of registration shall not become necessary by reason only of a transfer or assignment of the bill of sale. (4) A renewal of registration of a bill of sale in relation to a vehicle or trailer shall be recorded at the Department of Transport or municipal authority, as the case may be, of the district in which the vehicle or trailer is registered.