Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES  

Division 3A - CS facility rules  

Subdivision E - Exemptions  

SECTION 826U   EXEMPTIONS AND MODIFICATIONS BY REGULATIONS  

826U(1)    
The regulations may:

(a)    exempt a person or class of persons from all or specified provisions covered by this Subdivision; or

(b)    exempt a clearing and settlement facility or class of clearing and settlement facilities from all or specified provisions covered by this Subdivision; or

(c)    declare that provisions covered by this Subdivision apply in relation to:

(i) a person or a clearing and settlement facility; or

(ii) a class of persons or clearing and settlement facilities;

as if specified provisions were omitted, modified or varied as specified in the regulations.

826U(2)    
If there is an inconsistency between:

(a)    an exemption prescribed by regulations made for the purposes of subsection (1); and

(b)    an exemption by ASIC under section 820C ;

(including in relation to any conditions specified by ASIC), the regulations prevail to the extent of the inconsistency.