Commonwealth Consolidated Acts

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TRADEX SCHEME ACT 1999 - SECT 19A

Revocation of tradex order if holder cannot be contacted

             (1)  If, after reasonable attempts to contact the holder of a tradex order, the Secretary is satisfied that the holder cannot be contacted, the Secretary may revoke the tradex order.

Note:          A decision under subsection (1) to revoke a tradex order is reviewable (see section 39).

             (2)  The revocation of the tradex order:

                     (a)  must be done by written instrument; and

                     (b)  comes into force on the date specified in the instrument.

             (3)  If a tradex order is revoked under this section, the Secretary must enter in the Register a statement that the order has been revoked and the date on which the revocation comes into force.



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