Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.49 - TRANSITIONAL PROVISIONS RELATING TO SCHEDULE 9 TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE) ACT 2020  

SECTION 1676A   AUTOMATIC EXTENSION OF LICENCE CONDITIONS ON THE COMMENCEMENT DAY - LICENSEES WHO ARE AUTHORISED TO DEAL  

1676A(1)    
This section applies to an Australian financial services licensee if, just before the commencement day:

(a)    the licensee ' s Australian financial services licence authorised the licensee to deal in a superannuation product; and

(b)    the licensee was also an RSE licensee.

1676A(2)    
The licensee ' s Australian financial services licence is taken from the commencement day to be subject to a condition authorising the licensee to provide a superannuation trustee service.