Document ID: chunk:federal_register_of_legislation:C2012A00204:clause:1_66d
Version: federal_register_of_legislation:C2012A00204
Segment Type: clause
Provision Reference: sch 1 cl 66D
Character Range: 19942–21008

66D  How Australian‑issued international units are relinquished
 (1) If a person is the registered holder of one or more Australian‑issued international units, the person may, by electronic notice transmitted to the Regulator, relinquish any or all of those units.
 (2) A notice under subsection (1) must:
 (a) specify the Australian‑issued international unit or units that are being relinquished; and
 (b) if the Australian‑issued international unit or units are being relinquished in order to comply with a particular order under subsection 66C(2)—specify the order; and
 (c) set out such other information (if any) as is specified in the regulations.
 (3) If an Australian‑issued international unit is relinquished by a person:
 (a) the unit is cancelled; and
 (b) the Regulator must remove the entry for the unit from the person's Registry account in which there is an entry for the unit; and
 (c) the Regulator must take such other steps (if any) as are required by the regulations.
 (4) The Registry must set out a record of each notice under subsection (1).