Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) The Secretary may exempt, in writing, a VIC issuer, a class of VIC issuers, or all VIC issuers from subregulations 6.38E(2) and (3) and 6.38EA(1) for a period specified in the exemption.
(2) An exemption may be subject to conditions.
(3) A VIC issuer to whom the exemption applies must comply with any conditions specified by the Secretary in the exemption.
(4) A VIC issuer may apply, in writing, to the Secretary for an exemption under subregulation (1).