16Exemptions from definition of "prescribed interest"

### 16 Exemptions from definition of "prescribed interest" > *\[Section 16 Inserted by No. 9 of 1982, s. 4 and Sched. 2 \]* > > > (1)  *\[Section 16 Subsection (1) amended by No. 46 of 1991, s. 4 and Sched. 2 \]*Where the Ministerial Council approves an exemption of a right or interest, or a right or interest included in a class or kind of rights or interests, to be an exempt right or interest or a class or kind of exempt rights or interests for the purposes of the definition of ***prescribed interest*** in [section 4 (1) of the](/view/html/inforce/2026-04-12/act-1981-029#GS4@Gs1@EN) [Securities Industry (Tasmania) Code](/view/html/inforce/2026-04-12/act-1981-029) , 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 an exempt right or interest or a class or kind of exempt rights or interests for the purposes of that definition. > > > (2)  Regulations under [subsection (1)](#GS16@Gs1@EN) shall be construed as one with the *Securities Industry (Tasmania) Regulations*.