50   Vessels exempt from registration

(1)  A vessel (other than a recreational vessel, a commercial vessel that is an Australian fishing vessel or a pleasure craft or an Australian fishing vessel) is exempt from registration under this Act if the vessel is in State waters and is proceeding on an interstate voyage or an overseas voyage. An Australian fishing vessel is exempt from registration under this Act if it is in State waters and is proceeding on an overseas voyage.

(2)  A vessel is exempt from registration under this Act if the vessel:

(a)  is not ordinarily operated in State waters, and

(b)  has been in State waters for less than 3 months, and

(c)  is registered under the law of another State or a Territory, or of another country, and is operated in accordance with that law.

(3)  A vessel is exempt from registration under this Act if it is of a class exempted by the regulations.

(4)  A vessel is exempt from registration under this Act if the Minister exempts it from registration by order in writing given to the owner or master of the vessel.