Document ID: chunk:federal_register_of_legislation:C2024A00121:section:107
Version: federal_register_of_legislation:C2024A00121
Segment Type: section
Provision Reference: s 107
Character Range: 134512–135624

107  Retirement of certificates
 (1) The registered owner of a REGO certificate may request that the Regulator retire the certificate.
 (2) The request must:
 (a) be in the form approved, in writing, by the Regulator; and
 (b) meet the requirements (if any) prescribed by the rules; and
 (c) include the following information:
 (i) the purpose of the retirement;
 (ii) the person (who may be the registered person) or entity for whose benefit the certificate is retired;
 (iii) such other information as is prescribed by the rules.
 (3) On receiving the request, the Regulator must:
 (a) retire the certificate by updating the register to record that the certificate is retired at the start of a specified day; and
 (b) update the certificate to include the information mentioned in paragraph (2)(c).
 (4) However, the Regulator must not retire the certificate in circumstances prescribed by the rules.
 (5) A request under this section cannot be made by a person whose registration is suspended under section 18.
 (6) This section has effect subject to section 108 (retirement of below‑baseline certificates).