Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 7 - RECORD KEEPING, REPORTING REQUIREMENTS AND BOOKS  

PART 7-4 - REGISTRAR MAY EXEMPT FROM RECORD KEEPING AND REPORTING REQUIREMENTS  

Division 353 - Registrar may exempt from record keeping and reporting requirements  

SECTION 353-3   EXEMPTION FROM THE PROVISIONS OF THIS CHAPTER  

353-3(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 Part 7-2 or 7-3 , or of regulations made for the purposes of Part 7-2 or 7-3 , that are specified in the Registrar ' s determination:

(a)    the directors;

(b)    the corporation itself;

(c)    the auditor.

Note:

353-3(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.

353-3(3)    
The determination may:

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

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

353-3(4)    
The Registrar may, in writing, revoke, vary or suspend the determination.

353-3(5)    
The Registrar must give the applicant written notice within 28 days of the making, revocation, variation or suspension of the determination.

353-3(6)    
A determination under subsection (1) , or a revocation, variation or suspension under subsection (4) , is not a legislative instrument.