Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1020g
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1020G
Character Range: 654602–655903

1020G  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) exempt a financial product or a class of financial products from all or specified provisions of this Part; or
 (c) 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:
 (a) declare that provisions of this Part are modified so that they apply (with or without further modifications) in relation to persons, financial products or situations to which they would not otherwise apply; or
 (b) declare that provisions of this Part are modified so that they apply (whether with or without further modifications) in a way that changes the person by whom or to whom a document or information is required to be given by a provision of this Part.

 (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 relates to provisions of this Part.

Division 7—Enforcement

Subdivision A—Offences