(1) A * participant must notify the private health insurer that issued the policy in respect of which a person is a participant if the person no longer wishes to be registered in respect of the policy.
(2) A private health insurer must notify the Chief Executive Medicare of each notice the insurer receives under subsection (1), in the * approved form and no more than 14 days (or any other period determined by the Chief Executive Medicare) after receiving the notice.
(3) If notified under subsection (2), the Chief Executive Medicare must revoke the person's registration in respect of the policy.