Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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.