Secretary must decide whether to grant exemption
(1) On receiving an application made under section 53 for an exemption, the Secretary must decide:
(a) to grant the exemption; or
(b) to refuse to grant the exemption.
Note: An application that does not comply with the requirements referred to in subsection 53(3) for the application is taken not to have been made (see subsection 53(5)).
Secretary may request further information or documents
(2) The Secretary may, in writing, request the applicant to give the Secretary further specified information or documents relevant to the application.
Grounds for granting exemption
(3) The Secretary may grant the exemption if the Secretary is satisfied, having regard to any matter prescribed by the rules or any other matter that the Secretary considers relevant, that:
(a) any requirements prescribed by the rules are met; and
(b) it is appropriate to grant the exemption.
Note: An exemption must not be varied (see subsection 58(1)).