Not quite.
Originally, you got a new PLATE every year . The plates were different colours. Then they changed to a new plate every three years, still different colours, with a label in the intermediate years.
All motor vehicles had to have a plate, because with the plate also came the (compulsory) third party insurance. So bikes and vehicles that never went on the road had a plate. Unless their owners had separate third party insurance, as big companies usually did.
Then, a few years ago,sometime in the 50s I think they switched to the permanent plate idea.
Then later, to the present system. I'm not sure if it was when VINs came out or when ACC replaced third party insurance.. I think it was earlier than 1995, in fact it must have been because by 1995 the plates were the black and white ones.
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