24FMinister may exempt from compliance or extend time for compliance with certain Act requirements

24F Minister may exempt from compliance or extend time for compliance with certain Act requirements

(1) A Trust may apply to the Minister for an exemption from, or an extension of time to comply with, any of the following—

(a) a requirement under section 18C to lay any document referred to in that section before the annual general meeting of the Trust;

(b) a requirement under section 21A relating to the preparation or submission of a draft strategic plan;

(c) a requirement under section 23S to give the Minister any document referred to in that section;

(d) a requirement under section 23T to give the Minister any information or document referred to in that section.

(2) An application under subsection (1) must—

(a) be in writing; and

(b) identify the provision in relation to which the Trust is seeking an exemption or extension; and

(c) specify whether an exemption or extension is sought; and

(d) outline the reason for the exemption or extension; and

(e) specify the period for which the exemption or extension is sought, which must not exceed 12 months.

(3) The Minister, in the Minister's complete discretion and if satisfied that it is appropriate in the circumstances to do so, by written notice may—

(a) exempt the Trust from a provision of this Act; or

(b) extend the time period for the Trust to comply with a provision of this Act.

(4) A written notice of an exemption or extension under subsection (3) must specify the period for which the exemption or extension applies, which must not exceed 12 months.

(5) If a Trust receives an exemption or an extension under this section, the Trust must not apply for another exemption or extension within 12 months of that first exemption or extension.

Heading preceding s. 25 inserted by No. 33/2013 s. 34.

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