Document ID: chunk:federal_register_of_legislation:F2024L01750:reg:95
Version: federal_register_of_legislation:F2024L01750
Segment Type: reg
Provision Reference: reg 95
Character Range: 117715–118821

95  Instruction to transfer biodiversity certificate
 (1) An instruction to transfer a biodiversity certificate for which there is an entry in a Register account is of no force until:
 (a) the transferor, by electronic notice transmitted to the Regulator, instructs the Regulator to transfer the certificate from the relevant Register account kept by the transferor to a Register account kept by the transferee; and
 (b) the Regulator complies with that instruction.
Note: The transferor and transferee may be the same person.
 (2) An instruction under paragraph (1)(a) must set out the account number and holder of:
 (a) the Register account from which the certificate is to be transferred; and
 (b) the Register account to which the certificate is to be transferred.
 (3) If the Regulator receives an instruction under paragraph (1)(a), the Regulator must comply with the instruction as soon as practicable after receiving it.
 (4) If the transferor is the Commonwealth, the Secretary may give an instruction under subsection (1) on behalf of the transferor.

Subdivision E—Closure of Register accounts