Clause 126

Despite section 337(1), the Authority may, by regulations made under section 341, exempt any person or class of persons from all or any of the requirements in section 240AA, subject to such conditions or restrictions as may be specified by the Authority.(2) The Authority may, by notice in writing, exempt any person from all or any of the requirements in section 240AA, subject to such conditions or restrictions as the Authority may specify by notice in writing.(3) The Authority may at any time add to, vary or revoke any condition or restriction imposed under subsection (1) or (2).(4) It is not necessary to publish any exemption granted under subsection (2) in the Gazette.(5) Any person who contravenes any condition or restriction imposed under subsection (1), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day or part of a day during which the offence continues after conviction.”.