| (1) | The Minister may, after consulting the Centre, and on conditions and for a period determined by the Minister, exempt from compliance with— |
| (iii) | a category of persons or accountable institutions; |
| (b) | any or all of the provisions of this Act, a person or category of persons or an accountable institution or category of accountable institutions in respect of any one or more categories of transactions. |
| (2) | Any exemption referred to in subsection (1)— |
| (a) | must be by notice in the Gazette and may be withdrawn or amended by the Minister, after consulting the Centre; and |
| (b) | must be tabled in Parliament before being published in the Gazette. |
| (3) | Before the Minister issues, withdraws or amends an exemption referred to in subsection (1), the Minister must— |
| (a) | in the Gazette, give notice where a draft of the exemption or withdrawal notice of an exemption will be available and invite submissions; and |
| (b) | consider submissions received. |
[Section 74 substituted by section 54 of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017)]
