Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_791c
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 791C
Character Range: 85935–87020

791C  Exemptions

 (1) The Minister may, by publishing a notice in the Gazette, exempt from the operation of this Part a particular financial market or type of financial market.

 (2) The Minister may, at any time, by publishing a notice in the Gazette:
 (a) impose conditions, or additional conditions, on an exemption; or
 (b) vary or revoke the conditions on an exemption; or
 (c) revoke an exemption.

 (3) However, the Minister may only take action under subsection (2) after:
 (a) giving notice, and an opportunity to make submissions on the proposed action, to the operator of each financial market known by the Minister to be covered by the exemption; and
 (b) if the exemption covers a type of financial market—causing a notice to be published in a newspaper or newspapers circulating generally in each State and internal Territory allowing a reasonable time within which the operator of each financial market covered by the exemption may make submissions on the proposed action.
This subsection does not apply to the Minister imposing conditions when an exemption is made.