Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_854b
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 854B
Character Range: 201623–202563

854B  Exemptions and modifications by regulations

 (1) The regulations may:
 (a) exempt a person or class of persons from all or specified provisions of this Part; or
 (b) provide that this Part applies as if specified provisions were omitted, modified or varied as specified in the regulations.

 (2) Without limiting subsection (1), regulations made for the purposes of this section may declare that provisions of this Part are modified so that they apply (with or without further modifications) in relation to persons, bodies or situations to which they would not otherwise apply.

 (3) For the purpose of this section, the provisions of this Part include:
 (a) definitions in this Act, or in the regulations, as they apply to references in this Part; and
 (b) any provisions of Part 10.2 (transitional provisions) that relate to provisions of this Part.

Part 7.5—Compensation regimes for financial markets

Division 1—Preliminary