16Minister may exempt accountable entities

16 Minister may exempt accountable entities

Exemption of particular accountable entities (1) The Minister may, by notifiable instrument, exempt an accountable entity from compliance with this Chapter. (2) The Minister may only exempt an accountable entity under subsection (1) if the Minister is satisfied that it would be unreasonable for the accountable entity to be required to comply with this Chapter. (3) An exemption under subsection (1) must include a statement that sets out the Minister’s reasons for making the exemption. Class exemptions (4) The Minister may, by legislative instrument, exempt a class of accountable entities from compliance with this Chapter. (5) The Minister may only exempt a class of accountable entities under subsection (4) if the Minister is satisfied that it would be unreasonable for the class of accountable entities to be required to comply with this Chapter.