Document ID: chunk:federal_register_of_legislation:F2023C00489:reg:27
Version: federal_register_of_legislation:F2023C00489
Segment Type: reg
Provision Reference: reg 27
Character Range: 33298–34076

27  Voluntary closure of Registry accounts
 (1) The Regulator may, for subsection 15(1) of the Act, close a Registry account kept in the name of a person, if:
 (a) the person, by written notice, requests the Regulator to close the account; and
 (b) there are no entries for any Australian carbon credit units in the account; and
 (c) there are no entries for any Kyoto units in the account; and
 (d) there are no entries for any safeguard mechanism credit units in the account.

Compliance with request
 (2) The Regulator must:
 (a) comply with the request as soon as practicable after receiving it; and
 (b) notify the person making the request as soon as practicable after the account is closed.
 (3) The Registry must set out a record of each closure under this regulation.