sec.23Removal of particulars of improperly registered interests

sec.23 Removal of particulars of improperly registered interests

This section applies if— before the repeal, the chief executive gave a notice under section 18I (2) of the existing Act to a person who appeared to the chief executive to be the lender under an interest; and at the time of the repeal, the person had not complied with the requirement in the notice. Despite the repeal, section 18I continues to apply to the registration of the interest. However, subsection (4) applies if the person— has been given a notice under section 18I (6) ; and has not complied with section 18I (7) (a) or (b) before the end of the notice period. The chief executive must ask the PPS registrar to remove the particulars in relation to the interest from the PPS register. (sec.23-ssec.1) This section applies if— before the repeal, the chief executive gave a notice under section 18I (2) of the existing Act to a person who appeared to the chief executive to be the lender under an interest; and at the time of the repeal, the person had not complied with the requirement in the notice. (sec.23-ssec.2) Despite the repeal, section 18I continues to apply to the registration of the interest. (sec.23-ssec.3) However, subsection (4) applies if the person— has been given a notice under section 18I (6) ; and has not complied with section 18I (7) (a) or (b) before the end of the notice period. (sec.23-ssec.4) The chief executive must ask the PPS registrar to remove the particulars in relation to the interest from the PPS register.

• (a) before the repeal, the chief executive gave a notice under section 18I (2) of the existing Act to a person who appeared to the chief executive to be the lender under an interest; and
• (b) at the time of the repeal, the person had not complied with the requirement in the notice.
• (a) has been given a notice under section 18I (6) ; and
• (b) has not complied with section 18I (7) (a) or (b) before the end of the notice period.