86Information about Register accounts that have been closed

86  Information about Register accounts that have been closed

  For the purposes of paragraph 167(2)(a) of the Act, the Register must set out, for each Register account closed under Subdivision E of Division 2 of this Part:

 (a) the account number and holder of the Register account; and

 (b) whether the closure was voluntary or unilateral; and

 (c) the date the Register account was closed; and

 (d) the details of any biodiversity certificates cancelled because of the closure of the Register account.

Division 2—Register accounts

Subdivision A—Preliminary

87  Operation of this Division

  For the purposes of sections 165 and 167 of the Act, this Division makes provision for or in relation to:

 (a) empowering the Regulator to open accounts in the Register to hold biodiversity certificates; and

 (b) the Register.

88  Register accounts

 (1) An account in the Register kept in the name of a person is to be known as a Register account of the person.

 (2) The person is the holder of the Register account.

 (3) Each Register account is to be identified by a unique number, to be known as the account number of the Register account.

 (4) A person may hold 2 or more Register accounts.

Subdivision B—Opening of Register accounts