Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.69 - TRANSITIONAL PROVISIONS RELATING TO SCHEDULE 1 TO THE TREASURY LAWS AMENDMENT (2023 MEASURES NO. 1) ACT 2023  

SECTION 1699E   TRANSITIONAL - REGISTRATION PROHIBITION ORDERS  

1699E(1)    
This section applies to a registration prohibition order that:

(a)    was in force immediately before the commencement of the amending Part in relation to a registration under subsection 921ZC(1) of a relevant provider; and

(b)    specified a cancellation time for that registration; and

(c)    specified a prohibition end day that is after the commencement of the amending Part.

1699E(2)    
The registration prohibition order continues in force (and may be dealt with) on and after that commencement as if it were an instrument of a kind that:

(a)    is specified in paragraph 921L(1)(c) as substituted by the amending Part; and

(b)    if the cancellation time is at or after the commencement of the amending Part - cancels at the cancellation time the relevant provider ' s registration under subsection 921ZC(1) or (1A) as substituted by the amending Part; and

(c)    provides that the person who is or was the relevant provider is not to be registered under subsection 921ZC(1) or (1A) , as substituted by the amending Part, until after the prohibition end day.

Note 1: If the cancellation time was before the commencement of the amending Part, then the cancellation of the provider ' s registration will have already taken effect before that commencement.

Note 2: If the cancellation time is at or after that commencement, section 1699A will continue the provider ' s registration up until the cancellation time. Paragraph (b) of this subsection confirms that the provider ' s registration will then be cancelled at the cancellation time.

Note 3: Paragraph (c) confirms that the person is not to be registered again until after the prohibition end day.