(1) On application under regulation 86 (What application for exemption must contain), the Minister may, in writing, exempt the employer from the requirement to comply with the Act, section 147 (1).
(2) However, the Minister may exempt the employer only if satisfied—
(a) the employer is financially and prudentially sound; and
(b) the employer, if exempted, will—
(i) be able to meet the employer's current and expected liabilities under the Act; and
(ii) be able to meet the employer's obligations under the Act in relation to injury management programs and personal injury plans; and
(iii) comply with the conditions on the exemption.
Division 10.3 Conditions on exemptions