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.