Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 5 - MEETINGS  

PART 5-5 - EXEMPTION FROM OPERATION OF THIS CHAPTER  

Division 225 - Exemption from operation of this Chapter  

SECTION 225-5   EXEMPTION FROM THE PROVISIONS OF THIS CHAPTER  

225-5(1)    
On an application made in accordance with subsection (2) in relation to an Aboriginal and Torres Strait Islander corporation, the Registrar may make a determination in writing exempting any of the following from the provisions of this Chapter specified in the Registrar ' s determination:

(a)    the corporation itself;

(b)    the directors of the corporation.

Note:

225-5(2)    
The application must:

(a)    specify the provisions in relation to which the exemption is being sought; and

(b)    be authorised by a resolution of the directors; and

(c)    be in writing and signed by a director; and

(d)    be lodged with the Registrar.

225-5(3)    
The determination may:

(a)    be expressed to be subject to conditions; and

(b)    be indefinite or limited to a specified period.

225-5(4)    
The Registrar may, in writing, revoke, vary or suspend the determination.

225-5(5)    
The Registrar must give the applicant written notice within 28 days of the making, revocation, variation or suspension of the determination.

225-5(6)    
A determination under subsection (1) , or a revocation, variation or suspension under subsection (4) , is not a legislative instrument.