322Exemptions from National Regulations

#### 322 Exemptions from National Regulations 322 Exemptions from National Regulations > > (1) The Registrar may, by designated instrument, exempt— > > > > > (a) a specified co-operative, a specified person or firm proposed to be appointed as an auditor, or a specified director or auditor of a co-operative; or > > > > > (b) a specified class of co-operatives, a specified class of persons or firms proposed to be appointed as auditors, or a specified class of directors or auditors of co-operatives; > > > > from compliance with a provision of the National Regulations made under this Part. > > > (2) The exemption may— > > > > > (a) be expressed to be subject to conditions; and > > > > > (b) be indefinite or limited to a specified period; and > > > > > (c) if indefinite, be expressed to commence on a specified date.