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COMMONWEALTHAct
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s 29A

Withdrawing as a participant

In force
Chapter 3Participants and their plans
Part 1Becoming a participant

29A Withdrawing as a participant

(1)

A person may make a request to the CEO to no longer be a participant, in any manner approved by the CEO in writing.

(2)

As soon as practicable after receiving the request, the CEO must notify the person of receipt of the request. The notice must be in writing and must:

(a)

include information about the consequences of ceasing to be a participant in the National Disability Insurance Scheme; and

(b)

include information about how to cancel the request; and

(c)

explain that the person will be taken to withdraw as a participant if the request is not cancelled before the end of a specified period (the cooling‑off period).

(3)

The period specified in the notice for the purposes of paragraph (2)(c) must not be less than 90 days beginning on the day the notice is given.

(4)

Before the end of the cooling‑off period, the CEO may, by notice in writing given to the person, extend the period. The CEO may extend the period more than once.

(5)

If a person does not cancel a request before the end of the cooling‑off period, the person is taken to withdraw as a participant at the end of that period.

(6)

Despite subsection 81(1), a notice given under this section to a participant’s correspondence nominee must also be given to the participant.

(7)

Any notice given under this section to a participant must also be given to the participant’s plan nominee.

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