Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.57 - TRANSITIONAL PROVISIONS RELATING TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE - BETTER ADVICE) ACT 2021 AND RELATED MEASURES  

Division 2 - Transitional provisions for existing providers  

SECTION 1684A   APPLICATION - QUALIFICATIONS FOR EXISTING PROVIDERS  

Existing providers who are relevant providers on 1 January 2026

1684A(1)    
Subsection 921BA(1) and subsection 921BA(5) in so far as it relates to subsection 921BA(1) , as inserted by Schedule 1 to the amending Act, apply on and after 1 January 2026 in relation to an existing provider who is a relevant provider if the existing provider is a relevant provider on 1 January 2026.

Existing providers who are not relevant providers on 1 January 2026

1684A(2)    

If an existing provider who is a relevant provider is not a relevant provider on 1 January 2026, subsection 921BA(1) and subsection 921BA(5) in so far as it relates to subsection 921BA(1) , as inserted by Schedule 1 to the amending Act, apply on and after 1 January 2026 in relation to the existing provider as if the reference in subsection 921BA(1) , as inserted by Schedule 1 to the amending Act, to meeting the education and training standard in subsection 921B(2) , as amended by Schedule 2 to the second amending Act, were a reference to:

(a)    meeting the education and training standard in subsection 921B(2) , as amended by Schedule 2 to the second amending Act; or

(b)    completing one or more courses determined by the Minister under subsection 1684E(1) to give the existing provider qualifications equivalent to that standard.