Commission may grant exemptions
44 Commission may grant exemptions
The Commission may, on application by:
a person:
on that person’s own behalf; or
on behalf of that person and another person or other persons; or
on behalf of another person or other persons; or
2 or more persons:
on their own behalf; or
on behalf of themselves and another person or other persons; or
on behalf of another person or other persons;
by instrument, grant to the person or persons to whom the application relates, as the case may be, an exemption from the operation of a provision of Division 2 or 3, as specified in the instrument.
The Commission may, on application by a person to, or in respect of, whom an exemption from a provision of Division 2 or 3 has been granted under subsection (1), being an application made before the expiration of the period to which the exemption was granted, grant a further exemption from the operation of that provision.
An exemption granted under this section:
may be granted subject to such terms and conditions as are specified in the instrument; and
may be expressed to apply only in such circumstances, or in relation to such activities, as are specified in the instrument; and
is to be granted for a specified period not exceeding 5 years.
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