(1) This regulation
applies to an exemption under the MSIR regulation 1.4 or 1.5 that was in
effect immediately before commencement day, other than an exemption in
relation to the registration of plant.
Note for this subregulation:
See
regulation 718 for exemptions in relation to the registration of plant.
(2) The exemption is,
on and after commencement day, taken to be an exemption under Part 11.2
until the earlier of the following —
(a) the
day on which the exemption is cancelled;
(b) the
day on which the exemption ends in the written notice given under the MSIR
regulation 1.4 or 1.5;
(c) the
end of the longer transitional period.
(3) If the exemption
under the MSIR regulation 1.4 or 1.5 specifies a condition in the
exemption, the person having the benefit of the exemption must not contravene
the condition.
Penalty for this subregulation:
(a) for
an individual, a fine of $7 000;
(b) for
a body corporate, a fine of $35 000.
[Heading inserted: SL 2023/134 r. 19.]