50Regulator may grant exemptions

50 Regulator may grant exemptions

50 Regulator may grant exemptions

(1) The regulator may grant an exemption under this section from specified provisions of this Act or the regulations, whether generally or in specified circumstances.

(2) The regulator may grant an exemption for a person by reference to the following—

(a) premises,

(b) a product,

(c) another matter or thing.

(3) The regulator may grant an exemption—

(a) on its own initiative, or

(b) on the application of a person to whom the exemption applies.

(4) An application under this section must—

(a) be in the approved form, and

(b) be accompanied by the fee, if any, determined by the regulator, and

(c) be accompanied by information, documents or evidence the regulator requires for the purpose of determining whether the exemption should be granted.

(5) An exemption granted under this section is effected as follows—

(a) for an exemption granted to specified persons only—by notice published in the Gazette or by written notice given to the persons,

(b) otherwise—by notice published in the Gazette.

(6) An exemption granted under this section takes effect—

(a) on the date on which the notice is published or given in accordance with this section, or

(b) if a later date is specified in the notice—on the later date.

(7) An exemption granted under this section may be unconditional or may be subject to conditions specified in the notice.

(8) The regulator may vary or revoke an exemption granted under this section by a further notice published or given in accordance with this section.