Companies (Application of Laws) Act 1982
15Exemptions from Division 6 of Part IV of the Companies (Tasmania) Code
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15 Exemptions from Division 6 of Part IV of the Companies (Tasmania) Code
(1) Where the Ministerial Council approves the exemption of a company from complying with all or any of the provisions of Division 6 of Part IV of the Companies (Tasmania) Code in relation to any prescribed interest, or class of prescribed interests, specified by the Ministerial Council, the Governor may make regulations exempting that company, subject to such terms and conditions as are specified in the regulations, from so complying.
(2) Where the Ministerial Council approves the declaration of a right or interest, or a right or interest included in a class or kind of rights or interests, as an exempt right or interest, or a class or kind of exempt rights or interests, for the purposes of Division 6 of Part IV of the Companies (Tasmania) Code , the Governor may make regulations declaring that right or interest, or a right or interest included in that class or kind of rights or interests, to be, subject to such terms and conditions as are specified in the regulations, an exempt right or interest, or a class or kind of exempt rights or interests, for the purposes of that Division.
(3) Where the Ministerial Council approves –
(a) a body corporate incorporated in Tasmania, not being a company within the meaning of the Companies (Tasmania) Code ; or
(b) an unincorporated society, association, or other body, formed or established in Tasmania, that has been admitted to the official list of a stock exchange that is a prescribed stock exchange for the purposes of that Code and has not been removed from that official list –
as a prescribed corporation for the purposes of Division 8 of Part IV of that Code , the Governor may make regulations prescribing that body corporate, unincorporated society, association, or other body as a prescribed corporation for the purposes of that Division.
(4) Regulations under this section shall be read and construed as one with the Companies (Tasmania) Regulations.