Regulation 40 Voluntary withdrawal from scheme

A closure participant may withdraw from the scheme by notifying the Department, in the form and manner required by the Department, that the closure participant no longer wishes to be part of the scheme.

Upon receiving this notification, the Department may revoke that closure accreditation in such manner, and from such date, as the Department considers appropriate.

Revocation following withdrawal does not affect any right, privilege, obligation or liability acquired, accrued or incurred under these Regulations, or the 2012 Regulations, in respect of the time before revocation.