THE CORPORATIONS LAW

CHAPTER 2K - CHARGES

PART 2K.2 - REGISTRATION

SECTION 277   POWER TO EXEMPT FROM COMPLIANCE WITH CERTAIN REQUIREMENTS OF DIVISION  

277(1)  [Commission may exempt]  

The Commission may, by instrument in writing, exempt a person, as specified in the instrument and subject to such conditions (if any) as are specified in the instrument, from compliance with such of the requirements of section 263, 264 or 268 relating to:

(a)  the particulars to be contained in a notice under the relevant section;

(b)  the documents (other than the notice) to be lodged under the relevant section; or

(c)  the verification of any document required to be lodged under the relevant section;

as are specified in the instrument.

277(2)  [Conditional exemption]  

A person who is exempted by the Commission, subject to a condition, from compliance with a requirement of section 263, 264 or 268 shall not contravene the condition.

277(3)  [Order as to compliance]  

Where a person has contravened or failed to comply with a condition to which an exemption under this section is subject, the Court may, on the application of the Commission, order the person to comply with the condition.