Corporations Amendment (Litigation Funding) Regulations 2021 (F2021L01608)

Schedule 1   Amendments

Part 3   Licence conditions in relation to class action litigation funding schemes

Corporations Regulations 2001

11   At the end of Part 10.47

Add:

10.47.02 Application of amendments relating to licence conditions in relation to a class action litigation funding scheme

The amendments made by Part 3 of Schedule 1 to the Corporations Amendment (Litigation Funding) Regulations 2021 apply in relation to:

(a) an Australian financial services licence granted before, on or after the commencement of that Part; and

(b) a class action litigation funding scheme entered on or after that commencement; and

(c) a class action litigation funding scheme entered before that commencement, but only in relation to so much of the duration of the scheme that occurs on or after that commencement.