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Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - Regulations

551: Miscellaneous provisions relating to exemptions

You could also call this:

"Rules about when exemptions from other rules do and don't apply"

Illustration for Financial Markets Conduct Act 2013

If you break a rule that is part of an exemption, you are also breaking the main rule that the exemption is about, unless the regulations say otherwise. You can get an exemption from some rules for certain people, transactions, or things, and this can even apply to things happening in other countries. The fact that exemptions can apply to overseas things does not limit what else exemptions can cover, you can check the Securities Amendment Act 1988 for more information, specifically sections like ss 49E and 49F.

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Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
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550: Procedural requirements for regulations relating to exemptions, exclusions, and definitions, or

"Rules for making fair decisions about exceptions to financial market laws"

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Part 9Regulations, transitional provisions, and miscellaneous provisions
Regulations

551Miscellaneous provisions relating to exemptions

  1. The breach of a term or condition of an exemption provided by regulations is a breach of the obligation for which the exemption applies (unless the regulations otherwise provide).

  2. Exemptions made under regulations may extend to all, or classes of, persons, transactions, or other matters in relation to specified overseas jurisdictions.

  3. Subsection (2) does not limit this subpart.

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