Clause 109
Amendment of section 80
of Financial Institutions (Miscellaneous Amendments) Bill
BillNot in forceProvision 108 of 111
Clause 109
In the Trust Companies Act 2005, in section 80, replace subsection (2) with —“(2) The Authority may, on the application of any person, by written notice exempt the person from —
(a)
all or any of the provisions of this Act; or
(b)
all or any of the requirements imposed by the Authority under this Act.”.