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s 808

Exemption

In force
Chapter 12Industrial organisations and associated entities
Part 12Exemptions
Division 1Exemptions for organisations with counterpart federal bodies
Subdivision 3Exemption from accounting or audit obligations

808 Exemption

(1)

An organisation, or 2 or more organisations jointly, may apply to the registrar for an exemption from the whole or part of part 11, division 6, subdivisions 3 and 4.

(2)

The registrar may grant the exemption only if satisfied—

(a)

the applicant has a counterpart federal body; and

(b)

the Commonwealth Registered Organisations Act imposes accounting and audit obligations on the counterpart federal body of the applicant that are an adequate substitute for each provision from which the applicant would be exempted; and

(c)

the counterpart federal body has complied with the provisions of the Commonwealth Registered Organisations Act that correspond, or substantially correspond, with the provisions from which the organisation would be exempted; and

(d)

if the exemption is granted—the applicant will continue to be financially accountable to its members.

(3)

An exemption remains in force for the period stated in it or, if no period is stated, until it is cancelled.

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