(1) If:
(a) the matter relates to whether a dealing should be a notifiable low risk dealing; and
(b) the Regulator is satisfied as mentioned in subsection 74(2); and
(c) the Regulator has considered the matters mentioned in subsection 74(3);
the Regulator may recommend to the Ministerial Council that the dealing be declared to be a notifiable low risk dealing.
(2) If:
(a) the matter relates to whether an existing notifiable low risk dealing be reconsidered; and
(b) after having had regard to the matters mentioned in section 74, the Regulator considers that the dealing should not be a notifiable low risk dealing;
the Regulator may recommend to the Ministerial Council that the regulations be amended accordingly.
(3) If the matter relates to whether a dealing:
(a) should be an exempt dealing; or
(b) should cease to be an exempt dealing;
the Regulator may recommend to the Ministerial Council that the regulations be amended accordingly.