(1) Where a person is registered as a trader in newly constructed dwelling houses the Authority may, in its discretion, direct the secretary to cancel such registration and to remove such person's name from the Register.
(2) Despite the removal of a person's name from the Register under a direction of the Authority under the provisions of subregulation (1), such person shall be deemed to be a registered trader for the purpose of claiming exemption from income tax under section 11A(2)(c) of the Income Tax Act, 1965 in respect of any newly constructed dwelling house the construction of which the Authority certifies was commenced prior to the date of such removal.