Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.62 - APPLICATION PROVISIONS RELATING TO SCHEDULE 8 TO THE CORPORATE COLLECTIVE INVESTMENT VEHICLE FRAMEWORK AND OTHER MEASURES ACT 2022  

SECTION 1690   APPLICATION OF PARAGRAPH 912D(3)(e)  

1690(1)    
Paragraph 912D(3)(e) , as inserted by the amending Part, applies in relation to a reportable situation that arises on or after 1 October 2021 and relates to a breach of an obligation referred to in that paragraph.

1690(2)    
If:

(a)    due to subsection (1) , a financial services licensee is required, under a provision of Division 3 of Part 7.6 , to do a thing in relation to a reportable situation that arose before the commencement day; and

(b)    that thing must be done within a period of a specified number of days after the licensee first knows about, or is reckless with respect to, particular matters; and

(c)    that period began before the commencement day;

then that requirement is taken to be a requirement to do the thing within the specified number of days after the commencement day.