26Exemptions relating to operation of rail business, &c.

### 26 Exemptions relating to operation of rail business, &c. > > (1)  The regulations may exempt the Company, in relation to its operation of a rail business in Tasmania, from an Act, or a provision of an Act, that relates to railways or the ownership or operation of railways. > > > (2)  An exemption in the regulations prescribed under [subsection (1)](#GS26@Gs1@EN) is subject to any prescribed conditions. > > > (3)  A regulation referred to in [subsection (1)](#GS26@Gs1@EN) may take effect on the day on which this Act commences or a later day as specified in the regulations, whether the day so specified is before, on or after the day on which the regulations are made.