I would say as soon as you report it lost that registration is cancelled and the get new plate process begins.
I had a blow out on drive axles down SH27 one night. Didn't notice at the time so didn't go looking but as well as destroying mudguard and taillights the carcass also took out the number plate on back of tractor unit.
The very next night the truck had new rego plates front and rear and reissued rego and RUC labels with new rego number and a very unhappy boss at all the paperwork involved.
To top it off it wasn't my truck but one of the other guys new ones. Funniest thing was one of the truck fan spotters took a photo of it days later and posted on truck forum as new rig on the road!
Btw nothing happens fast in a trucking company that isn't vital to the rig being on the road earning money. So the rapid response kinda backs up my thoughts that the rego is permanently cancelled soon as reported lost.
Otherwise it would be unimaginable headaches for cops at roadside checkpoints etc....
Don't know about costs involved but I'd report it lost asap and get new one underway...
Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket - Eric Hoffer
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