Treasury Laws Amendment (2016 Measures No. 1) Act 2017 (25 of 2017)

Schedule 5   Client money

Part 1   Client money and property

Corporations Act 2001

5   Before section 1637

Insert:

1636A Application of subsections 981D(2) and 984B(3)

(1) Subsection 981D(2), as added by the Treasury Laws Amendment (2016 Measures No. 1) Act 2017, applies to a use of money on or after the commencement of this section, whether the money was paid to the licensee as mentioned in subsection 981A(1) before, on or after that commencement.

(2) Subsection 984B(3), as added by the Treasury Laws Amendment (2016 Measures No. 1) Act 2017, applies to a use of property on or after the commencement of this section, whether the property was given to the licensee as mentioned in subsection 984A(1) before, on or after that commencement.