Co-operative Banks Act, 2007 (Act No. 40 of 2007)Chapter XII : General Provisions89. Exemptions |
| (1) | The Minister may, where he or she considers it necessary for the development of a co-operative bank or where compliance may be detrimental to the development of a co-operative bank, by notice in the Gazette exempt a co-operative bank for a specific period— |
| (a) | from any provision of this Act or any other Act administered by him or her; or |
| (b) | with the concurrence of the relevant Minister, from any provision of any other Act administered by that Minister. |
| (2) | An exemption in terms of subsection (1) may— |
| (a) | apply to co-operative banks generally; or |
| (b) | be limited in its application to a particular co-operative bank or kind of co-operative bank, which may be defined either in relation to a kind, type or budgetary size of co-operative bank or to any other matter. |