71
CurrentExemptions from disclosure statements
Chapter 2Formation, powers and constitution of co-operatives
Part 2.4Shares
Division 2Disclosure requirements for distributing co-operatives
71 Exemptions from disclosure statements
(1)
The Registrar may, by designated instrument, exempt a co‑operative or class of co-operatives from any or all of the provisions of this Division.
(2)
An exemption under subsection (1) may be given only if the
Registrar is satisfied that compliance with the requirement would be inappropriate in the circumstances or would impose an unreasonable burden.
(3)
An exemption may be given unconditionally or subject to conditions.
This Act’s bill:Explanatory statement
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