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CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 12.7.05
Exemption from, and modification of, certain provisions
- (1)
- This regulation applies, in the circumstances to which Prudential Standard
6.8.3 referred immediately before the transfer date, on:
- (a)
- the initiative
of ASIC; or
- (b)
- application made to ASIC in writing by a person to whom Division 3 of Part
7.3 of the Act, or regulation 7.3.13A or 7.3.13B, applies or another person.
- (2)
- ASIC may, by Gazette notice, declare:
- (a)
- that Division 3 of Part 7.3
of the Act, or regulation 7.3.13A or 7.3.13B, does not apply to a person to
whom the declaration applies; and
- (b)
- that a provision mentioned in paragraph (a) applies to a person to whom
the declaration applies as if the provision were modified in accordance with
the declaration.
- (3)
- Division 3 of Part 7.3 of the Act, and regulations 7.3.13A and 7.3.13B,
apply subject to a declaration applying in relation to that Division or
regulation.
- (4)
- A declaration:
- (a)
- may be made subject to a condition stated in the
exemption; and
- (b)
- takes effect on the day on which it is published.
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