41. Amendment of section 54

Section 54 of the principal Act is amended—

(a)

by renumbering the existing section as subsection (1) of that section;

(b)

in subsection (1)—

(i)

by inserting after the word “may” the words “, upon the recommendation of the Commission,”;

(ii)

by inserting after the words “or any regulation made” the words “or codes issued”;

(iii)

by inserting after the word “thereunder” the words

“for any period as specified”;

(c)

in paragraph (a), by inserting after the words “supply authority” the words “or licensee;”; and

(d)

by inserting after subsection (1) the following subsections:

“(2) The Commission may recommend to the Minister the conditions to be applicable to an exemption granted under subsection (1).

(3)

Except as otherwise provided in the exemption, an exemption under subsection (1) may be varied or revoked.”.

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