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Co-operatives (Adoption of National Law) Act 2012
321Exemptions—criteria for exemptions for non-auditor members etc
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321 Exemptions—criteria for exemptions for non-auditor members etc
321 Exemptions—criteria for exemptions for non-auditor members etc
(cf Corporations Act s 342AC)
To grant an exemption under section 319 or 320, the Registrar must be satisfied that complying with the relevant requirements of the target provisions would—
(a) make the financial report or other reports misleading; or
(b) be inappropriate in the circumstances; or
(c) impose unreasonable burdens.