(1) The Tribunal may,
on application by a person, by order, grant to the person an exemption from
the operation of a specified provision of Part II, IIAA, IIA, IIB, III, IV,
IVA, IVB or IVC.
(2) The Tribunal may,
on application by a person to whom an exemption from a provision of Part II,
IIAA, IIA, IIB, III, IV, IVA, IVB or IVC has been granted under subsection
(1), by order, grant to the person a further exemption from the operation of
that provision.
(3) The Tribunal shall
cause notice of an application for an exemption, a further exemption or the
variation of an exemption or further exemption to be given by newspaper
advertisement or otherwise, in such form and manner as the Tribunal may
direct.
[(4) deleted]
(5) Section 113
applies to an application under this section in the same way as that section
applies to an inquiry.
(6) An exemption or
further exemption —
(a) may
be granted subject to such terms and conditions as are specified in the order;
and
(b) may
be varied either on the application of the person to whom the exemption is
granted or at the instance of the Tribunal; and
(c) may
be expressed to apply only in such circumstances, or in relation to such
activities, as are specified in the order; and
(d)
shall be granted for a period specified in the order not exceeding 5 years.
[Section 135 amended: No. 10 of 1998 s. 33(3) and
(4); No. 2 of 2000 s. 28; No. 3 of 2002 s. 55; No. 55 of 2004 s. 319; No. 48
of 2012 s. 52.]