Document ID: chunk:federal_register_of_legislation:C2024C00630:section:44
Version: federal_register_of_legislation:C2024C00630
Segment Type: section
Provision Reference: s 44
Character Range: 103311–104760

44  Commission may grant exemptions
 (1) The Commission may, on application by:
 (a) a person, on that person's own behalf or on behalf of that person and another person or other persons;
 (b) 2 or more persons, on their own behalf or on behalf of themselves and another person or other persons; or
 (c) a person or persons included in a class of persons on behalf of the persons included in that class of persons;
by instrument in writing, grant to the person, persons or class of persons, as the case may be, an exemption from the operation of a provision of Division 1 or 2, or paragraph 41(1)(e), or paragraph 41B(1)(b), as specified in the instrument.
 (2) The Commission may, on application by a person to, or in respect of, whom an exemption from a provision of Division 1 or 2, or paragraph 41(1)(e), has been granted under subsection (1), being an application made before the expiration of the period for which that exemption was granted, grant a further exemption from the operation of that provision.
 (3) An exemption, or further exemption, from the operation of a provision of Division 1 or 2, or paragraph 41(1)(e) or paragraph 41B(1)(b):
 (a) may be granted subject to such terms and conditions as are specified in the instrument;
 (b) may be expressed to apply only in such circumstances, or in relation to such activities, as are specified in the instrument; and
 (c) shall be granted for a specified period not exceeding 5 years.