Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) An issuer must cancel an ASIC, a VIC or a TAC it issued if the holder of the ASIC, VIC or TAC asks the issuer to cancel it.
(2) A cancellation under subregulation (1) (other than the cancellation of a white ASIC) takes effect when the ASIC, VIC or TAC is returned to the issuer.
(3) The cancellation of a white ASIC under subregulation (1) takes effect when the issuer receives the request.