Document ID: chunk:federal_register_of_legislation:C2025C00178:section:56
Version: federal_register_of_legislation:C2025C00178
Segment Type: section
Provision Reference: s 56
Character Range: 57606–58274

56  Voluntary closure of registry account
 (1) A person who has a registry account may apply for the Secretary to close the account.
 (2) The application must:
 (a) be in writing; and
 (b) meet the requirements (if any) prescribed by the rules; and
 (c) be accompanied by the fee (if any) prescribed by the rules.
 (3) If a person makes an application in accordance with this section, the Secretary may close the person's Registry account if there are no entries for units in the account.
 (4) A fee prescribed for the purposes of paragraph (2)(c) must not be such as to amount to taxation.
 (5) The Registry must set out a record of each closure under this section.