Document ID: chunk:federal_register_of_legislation:C2004A01041:clause:1b_271
Version: federal_register_of_legislation:C2004A01041
Segment Type: clause
Provision Reference: sch 1B cl 271
Character Range: 357424–358130

271  Exemption from this Part of certain reporting units

 (1) If, on the application of a reporting unit, a Registrar is satisfied, after considering such circumstances (if any) as are prescribed, that the reporting unit did not have any financial affairs in a financial year, the Registrar may issue to the reporting unit a certificate to that effect in respect of the financial year.

 (2) The certificate exempts the reporting unit from the requirements of this Part in respect of the financial year.

 (3) The application must be made to a Registrar within 90 days, or such longer period as the Registrar allows, after the end of the financial year.

Division 7—Members' access to financial records