56Voluntary closure of registry account

56 Voluntary closure of registry account

(1) A person who has a registry account may apply for the Secretary to close the account. (2) The application must: (a) be in writing; and (b) meet the requirements (if any) prescribed by the rules; and (c) be accompanied by the fee (if any) prescribed by the rules. (3) If a person makes an application in accordance with this section, the Secretary may close the person’s Registry account if there are no entries for units in the account. (4) A fee prescribed for the purposes of paragraph (2)(c) must not be such as to amount to taxation. (5) The Registry must set out a record of each closure under this section.