22. Application to withdraw security
(1) Any authorised sharebroker who in accordance with Division 2 of Part XIII of the Act has deposited a sum of money or equivalent security with the Treasurer and who has ceased to carry on business in Western Australia as a sharebroker for a period of at least six months may, after giving notice as required by Regulation 24, apply to the Registrar for an order permitting him to withdraw the sum or security so deposited.
(2) The Registrar shall deal with such application and if ¾
(a) no application for compensation out of the said deposit or security has been made under the next succeeding regulation may order that the said sum or security be repaid or retransferred to the applicant or his successor in title or nominee; or
(b) any such application for compensation has been made may, after such application has been dealt with, order that the money or security or, if any application for compensation is successful, any balance of such money or security then held by the Treasurer be handed over to the applicant sharebroker;
and in either case, such order shall be given effect to by the Treasurer.