Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If:
(a) a ship registered in the General Register or International Register:
(i) is lost (whether actually or constructively); or
(ii) is taken by an enemy; or
(iii) is burnt or broken up; or
(iv) ceases to be entitled to be registered in that register; and
(b) the owner of the ship knows of the event mentioned in paragraph (a);
the owner of the ship must give notice in writing to the Registrar.
(1A) Subsection (1) does not apply if written notice has already been given to the Registrar.
(2) Where the Registrar receives a notice under subsection (1) relating to a ship, he or she shall make an entry in the relevant register of the event to which the notice relates.
(3) Where an entry has been made in the relevant register under subsection (2) in respect of a ship:
(a) if the entry is in respect of a ship that has been lost (whether actually or constructively), taken by an enemy, burnt or broken up--the registration of the ship shall be deemed to be closed; and
(b) if the entry is in respect of a ship that has ceased to be entitled to be registered in the relevant register--the registration of the ship shall, subject to this section, be deemed to be closed.
(10) Where the registration of a ship is closed or deemed to be closed under this section, the person having possession of the registration certificate or provisional registration certificate relating to the ship shall deliver the certificate to the Registrar or a proper officer in accordance with the regulations.