55REGO certificate transfer—Act, pars 106(2)(c) and (4)(c)

55  REGO certificate transfer—Act, pars 106(2)(c) and (4)(c)

 (1) A request to transfer a REGO certificate from the registered owner of the certificate to another registered person (the receiver) must include:

 (a) a written statement from the receiver that they have agreed to the transfer; and

 (b) evidence in support of the request.

 (2) The Regulator must not transfer a REGO certificate in the following prescribed circumstances:

 (a) the Regulator believes on reasonable grounds that the certificate has been improperly created;

 (b) if, at the time the request is made, the certificate could not be retired under section 107 of the Act;

 (c) the Regulator has given the registered owner of the certificate a notice of proposed suspension or cancellation under section 20 of the Act;

 (d) the Regulator has given the receiver of the certificate a notice of proposed suspension or cancellation under section 20 of the Act.

 (3) If the Regulator transfers a REGO certificate under section 106 of the Act, the certificate must state:

 (a) the other registered person as the registered owner of the certificate; and

 (b) the date the other registered owner became the registered owner of the certificate.