15Property identification code—inactivation or cancellation

15 Property identification code—inactivation or cancellation (1) If the director-general is satisfied that a property no longer needs a property identification code, the director-general may inactivate or cancel the code by giving each relevant person for the property a written notice stating— (a) the reason for the inactivation or cancellation; and (b) when the inactivation or cancellation takes effect. (2) However, before inactivating or cancelling a property identification code, the director-general must give each relevant person for the property written notice stating— (a) that the director-general proposes to inactivate or cancel the code; and (b) the reason for the proposed inactivation or cancellation; and (c) that any relevant person for the property may, by a stated day that is at least 15 working days after the day the notice is given to the person, make a submission to the director-general about the proposed inactivation or cancellation. (3) If a relevant person for the property makes a submission before the stated day, the director-general must take the submission into account in deciding whether to inactivate or cancel the property identification code. (4) If the director-general inactivates or cancels a property’s property identification code, the director-general must tell the NLIS administrator about the inactivation or cancellation. (5) The director-general may reactivate an inactivated property identification code, or reallocate a cancelled property identification code, in any circumstances the director-general considers appropriate.

Stock and station agent identification codes Division 2.3 Section 16