Commission may grant exemptions
55 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 1 or 2, 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 1 or 2 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 subsection (1), or further exemption, from the operation of a provision of Division 1 or 2:
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
are to be granted for a specified period not exceeding 5 years.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.