s 15
In forceVoluntary closure of Registry accounts
Part 2Australian National Registry of Emissions Units
Division 3Registry accounts
15 Voluntary closure of Registry accounts
(1)
The regulations may make provision for and in relation to empowering the Regulator to close a Registry account kept in the name of a person.
(2)
Regulations made for the purposes of subsection (1) must not empower the Regulator to close a Registry account unless:
(a)
the person, by written notice given to the Regulator, 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.
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