Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)

Schedule 3   Transitional provisions

Part 4   Administrative matters, compliance and enforcement

Division 1   Compliance and enforcement

108   Registrar's power to exempt

(1) On an application made in accordance with subitem (2) in relation to a transitional corporation, the CATSI Registrar may make a determination in writing exempting any of the following from a provision of the new Act, or of this Schedule, specified in the Registrar's determination:

(a) the transitional corporation itself;

(b) the directors of the transitional corporation.

Note: For the criteria for making determinations under this item, see item 111.

(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 CATSI 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 CATSI Registrar may, in writing, revoke, vary or suspend the determination.

(5) The CATSI Registrar must give the applicant written notice within 28 days of the making, revocation, variation or suspension of the determination.

(6) A determination under subitem (1), or a revocation, variation or suspension under subitem (4), is not a legislative instrument.