70CExemption from revenue thresholds

70C Exemption from revenue thresholds (1) For section 70B, definitions of large association, medium association and small association, the committee of an association may, for a financial year, ask in writing that the registrar-general disregard the association’s revenue for the financial year. (2) The registrar-general may agree to the committee’s request if the registrar-general is satisfied special circumstances apply to the association for the financial year. (3) If the registrar-general agrees to the committee’s request, the registrar-general— (a) must state whether the association is taken to be a large, medium or small association for the financial year for this part; and (b) may impose conditions on the association.