Commonwealth Consolidated Acts

FINANCIAL SECTOR (COLLECTION OF DATA) ACT 2001 - SECT 16

             (1)  APRA may, by legislative instrument, exempt a financial sector entity, or a class or kind of financial sector entities, from the requirement to comply with:

                     (a)  all the requirements contained in any one or more applicable reporting standards; or

                     (b)  a specified requirement or requirements contained in an applicable reporting standard or applicable reporting standards.

             (2)  An exemption may be unconditional or subject to conditions and may be of indefinite duration or limited in the time of its operation.