Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) On an application made in accordance with subsection (2) in relation to an Aboriginal and Torres Strait Islander corporation, the Registrar may make a determination in writing exempting any of the following from the provisions of Part 7 - 2 or 7 - 3, or of regulations made for the purposes of Part 7 - 2 or 7 - 3, that are specified in the Registrar's determination:
(a) the directors;
(b) the corporation itself;
(c) the auditor.
Note: For the criteria for making determinations under this section, see Part 7 - 5.
(2) The application must:
(a) specify the provisions in relation to which the exemption is being sought; and
(b) be authorised by a resolution of the directors; and
(c) be in writing and signed by a director; and
(d) be lodged with the Registrar.
(3) The determination may:
(a) be expressed to be subject to conditions; and
(b) be indefinite or limited to a specified period.
(4) The Registrar may, in writing, revoke, vary or suspend the determination.
(5) The Registrar must give the applicant written notice within 28 days of the making, revocation, variation or suspension of the determination.
(6) A determination under subsection (1), or a revocation, variation or suspension under subsection (4), is not a legislative instrument.