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Section 14

Cancellation of a PIN

(1) A person issued with a PIN under section 12(3) but who is not registered under section 8 shall notify the Commissioner in writing when that person no longer requires a PIN for the purposes of a transaction specified in the First Schedule.

(2) The Commissioner shall, by notice in writing, cancel the PIN of a person when satisfied that-

  • (a) the person has been deregistered under section 10; 
  • (b) the person is required to notify the Commissioner under subsection (1) but has failed to do so; 
  • (c) the person has notified the Commissioner under subsection (1); 
  • (d) a PIN has been issued to the person under an identity that is not the person’s true identity; or 
  • (e) the person had been previously issued with a PIN that is still in force. 
(3) The Commissioner may, at any time and in writing, cancel a PIN issued to a person and issue the person with a new PIN.

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