Income Tax Assessment Act 1997

Part 3-3 inserted by No 46 of 1998.

Div 124 inserted by No 46 of 1998.

Subdiv 124-O repealed by No 109 of 2014, s 3 and Sch 10 item 38, effective 17 October 2014.

Subdiv 124-O inserted by No 101 of 2004.

S 124-880 repealed by No 109 of 2014, s 3 and Sch 10 item 38, effective 17 October 2014. S 124-880 formerly read:

SECTION 124-880 Old licence roll-over (same owner)  
124-880
There is a roll-over if:

(a) you apply for an *Australian financial services licence during the period beginning on 11 March 2002 and ending on 10 March 2004; and

(b) at the time you make the application, you hold one or more licences, registrations, approvals, authorities or other similar things (the old licence or licences ) that give you the status of a regulated principal within the meaning of section 1430 of the Corporations Act 2001 ; and

(c) you are granted an Australian financial services licence as a result of the application; and

(d) that licence covers some or all of the activities that the old licence or licences authorised you to carry on; and

(e) the old licence or licences cease to have effect (whether wholly or partly):

(i) when the Australian financial services licence is granted to you; or

(ii) if the Australian financial services licence is granted to you after 10 March 2004 - on 10 March 2004.

Note:

The period in paragraph (a) may be extended in special circumstances: see section 124-925 . If it is extended, the day in subparagraph (e)(ii) changes too.

S 124-880 inserted by No 101 of 2004.