Business Trusts Act 2004 · 2020 Revised Edition · Part 12 · Miscellaneous
112. General exemption
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The Authority may, by regulations, exempt any person, registered business trust, matter or transaction, or any class thereof, from all or any of the provisions of this Act, subject to such conditions or restrictions as may be prescribed.
The Authority may, on the application of any person, exempt the person or any registered business trust, matter or transaction from all or any of the provisions of this Act or the requirements imposed by the Authority under this Act, by written notice, if the Authority considers it appropriate to do so in the circumstances of the case.
registered business trust
“registered business trust” means a business trust that is registered by the Authority under section 4(1);
An exemption under subsection (2) —
may be granted subject to such conditions or restrictions as the Authority may specify by written notice;
need not be published in the Gazette; and
may be withdrawn at any time by the Authority.
The Authority may at any time add to, vary or revoke any condition or restriction imposed under this section.
Any person who contravenes any condition or restriction prescribed under subsection (1) or specified by the Authority under subsection (3)(a) (including any condition or restriction added or varied under subsection (3A)) shall be guilty of an offence.