110Power to exempt

110 Power to exempt

110 Power to exempt

(1) The AER may decide to exempt persons or classes of persons in accordance with the Rules from the requirement to hold a retailer authorisation.

(2) There are 3 kinds of exemptions provided for in the Rules, as follows—

(a) individual exemptions;

(b) deemed exemptions;

(c) registrable exemptions (which become registered exemptions in respect of particular persons when the persons are registered under the Rules).

(3) An exemption of a class of persons may be made so as to operate (subject to the terms of the exemption)—

(a) in respect of all the members of the class; or

(b) in respect only of those members of the class who are, on application, registered in the Public Register of Authorised Retailers and Exempt Sellers in relation to the exemption.

(4) A person is an exempt seller for the purposes of this Part while an exemption is in force in relation to the person.