Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021 (F2021L01801)

Schedule 1   Amendments

Corporations Regulations 2001

5   In the appropriate position in Chapter 10

Insert:

Part 10.46 - Application provisions for the Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021

10.46.01 Application of voting advice amendments

(1) The repeal of regulation 7.1.30 by the Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021 applies in relation to a service provided on or after 7 February 2022.

(2) Regulation 7.1.28AB, as inserted by the Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021,applies in relation to voting advice provided on or after 7 February 2022.

10.46.02 Application of proxy advice obligations

(1) Subregulations 7.6.03D(1) and (2), as inserted by the Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021, apply in relation to proxy advice provided by a financial services licensee:

(a) on or after 7 February 2022; and

(b) under a contract entered into or renewed on or after the commencement of that instrument.

(2) The modifications of Part 7.6 of the Act specified in subregulations 7.6.03D(3) and (4), as inserted by the Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021, apply in relation to proxy advice provided by a financial services licensee:

(a) on or after 1 July 2022; and

(b) under a contract entered into or renewed on or after the commencement of that instrument.