112U
In forceVoluntary surrender of approval
Part 6AAssessment entities and schemes
Division 7Cancellation, suspension and surrender of approval
112U Voluntary surrender of approval
(1)
The assessment entity for an assessment scheme may surrender the approval for the scheme by notice given to the Minister.
(2)
The surrender of the approval takes effect—
(a)
90 days after the day the notice is given to the Minister; or
(b)
if a later day is stated in the notice, on the later day.
This Act’s bill:Explanatory memorandum
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