18BDeregistration

#### 18B Deregistration Deregistration on application (1) A registered person may apply to the Regulator to be deregistered. (2) An application must: (a) be in writing; and (b) be in a form approved by the Regulator; and (c) set out such information as is specified in the regulations. (3) The Regulator must remove the person’s name from the Register if the Regulator is satisfied that: (a) in a case where the person is the controlling corporation of a group—the group is not likely to meet any of the thresholds under section 13 for: (i) the financial year in which the application is made; and (ii) the next 2 financial years; and (b) if the person was registered under section 18AA—the person is not likely to be required to give a report to the Regulator under section 22XB at any time during the next 4 financial years; and (ba) if the person has been issued safeguard mechanism credit units—the person has complied with any requirements specified in the safeguard rules for the purposes of this paragraph; and (c) the person does not hold a reporting transfer certificate; and (d) the person has complied with the person’s obligations under this Act. (4) The Regulator must notify the person, in writing, of the Regulator’s decision on the application. Deregistration on the Regulator’s own initiative (5) The Regulator may remove a person’s name from the Register if the Regulator is satisfied that the person has ceased to exist. When registration ceases (6) A person ceases to be registered under this Act when the Regulator has removed the person’s name from the Register.