Exemptions and modifications by regulations
(1) The regulations may: (a) exempt a person or class of persons from all or specified provisions covered by this Subdivision; or (b) exempt a clearing and settlement facility or class of clearing and settlement facilities from all or specified provisions covered by this Subdivision; or (c) declare that provisions covered by this Subdivision apply in relation to: (i) a person or a clearing and settlement facility; or (ii) a class of persons or clearing and settlement facilities; as if specified provisions were omitted, modified or varied as specified in the regulations. (2) If there is an inconsistency between: (a) an exemption prescribed by regulations made for the purposes of subsection (1); and (b) an exemption by ASIC under section 820C; (including in relation to any conditions specified by ASIC), the regulations prevail to the extent of the inconsistency.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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