Page:Carbon Pricing Act 2018.pdf/31

32 Closing of registry account

33.—(1) The Agency may close a registry account for a taxable facility of a registered person in any of the following circumstances:
 * (a) upon the application of the registered person, if the taxable facility is deregistered as such;
 * (b) if the Agency is satisfied that the account has been, is being or is intended to be used for the commission of any criminal offence;
 * (c) if the account has been inactive for 5 years from the last transaction carried out on the account;
 * (d) if the person for whom the account was opened has ceased to be registered as a registered person;
 * (e) in such other circumstances as may be prescribed.

(2) Before closing the registry account, the Agency must give the registered person written notice of the Agency’s intention to do so if—
 * (a) unless otherwise prescribed, the proposed closure is pursuant to subsection (1)(c) or (d); or
 * (b) the proposed closure is pursuant to circumstances prescribed under subsection (1)(e), and this subsection is prescribed as applying with respect to those circumstances.

(3) The written notice under subsection (2) must state—
 * (a) the consequences of closing the registry account mentioned in subsection (6); and
 * (b) the date by which any written objection to the proposed closure must be given to the Agency, which must be a date at least 30 days after the date of the service of the notice.

(4) The Agency must not close the registry account if the Agency receives a written objection from the registered person to the proposed closure by the date mentioned in subsection (3)(b), unless the Agency is satisfied that the objection is frivolous or vexatious or has been withdrawn.