24. Ceasing to be subject to MSR

An entity ceases to be subject to the minimum stockholding requirement in relation to an MSR product if the Director‑General, Food Security cancels the trigger notice given to the entity.

The Director‑General, Food Security must, upon being satisfied that the entity has permanently or indefinitely stopped undertaking all MSR activities in relation to that MSR product, cancel the trigger notice given to the entity.

An entity ceases to be subject to the minimum stockholding requirement in relation to an MSR product if a determination is made under section 27 that another entity has assumed the entity’s minimum stockholding requirement in relation to that product.