Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 4 - MEMBERS AND OBSERVERS  

PART 4-6 - EXEMPTION FROM OPERATION OF CERTAIN PROVISIONS OF THIS CHAPTER  

Division 187 - Exemption from operation of certain provisions of this Chapter  

SECTION 187-20   CRITERIA FOR DETERMINATIONS  

187-20(1)    
In making a determination under section 187-5 or 187-15 , the Registrar must be satisfied that the requirements of the relevant exemptible provisions of this Chapter would:

(a)    be inappropriate in the circumstances; or

(b)    impose unreasonable burdens.

Unreasonable burden

187-20(2)    
In deciding for the purposes of subsection (1) if the relevant exemptible provisions impose an unreasonable burden on the corporation or corporations, the Registrar is to have regard to:

(a)    the expected costs of complying with the obligations; and

(b)    the expected benefits of having the corporation or corporations comply with the obligations; and

(c)    any practical difficulties that the corporation or corporations face in complying effectively with the obligations; and

(d)    any other matters that the Registrar considers relevant.