Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 6 - OFFICERS  

PART 6-8 - EXEMPTION FROM OPERATION OF CERTAIN PROVISIONS OF THIS CHAPTER  

SECTION 310-5   EXEMPTION FROM CERTAIN PROVISIONS OF THIS CHAPTER  

310-5(1)    
On an application made in accordance with subsection (3) 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 exemptible provisions of this Chapter specified in the Registrar ' s determination:

(a)    the corporation itself;

(b)    the directors of the corporation.

Note:

310-5(2)    
For the purposes of this section, the exemptible provisions of this Chapter are:

(a)    section 243-5 ; and

(b)    subsection 246-25(2) ; and

(c)    the provisions of Part 6-6 .

310-5(3)    
The application must:

(a)    specify the exemptible 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.

310-5(4)    
The determination may:

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

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

310-5(5)    
The Registrar may, in writing, revoke, vary or suspend the determination.

310-5(6)    
The Registrar must give the applicant written notice within 28 days of the making, revocation, variation or suspension of the determination.

310-5(7)    
A determination under subsection (1) , or a revocation, variation or suspension under subsection (5) , is not a legislative instrument.