Treasury Laws Amendment (Putting Consumers First - Establishment of the Australian Financial Complaints Authority) Regulations 2018 (F2018L00515)

Schedule 2   Internal dispute resolution

Part 1   Amendments relating to internal dispute resolution

Corporations Regulations 2001

2   In the appropriate position in Part 10.27

Insert:

10.27.03 Written reasons for internal review decisions

Regulations 7.9.48, 7.9.48A, 7.9.48C and 7.9.48D of these Regulations continue to have effect, despite their repeal by item 1 of Schedule 2 to the Treasury Laws Amendment (Putting Consumers First - Establishment of the Australian Financial Complaints Authority) Regulations 2018 until the later of:

(a) the commencement of the first legislative instrument made under subsection 47(2A) of the Retirement Savings Accounts Act 1997 as amended by item 7 of Schedule 2 to the Treasury Laws Amendment (Putting Consumers First - Establishment of the Australian Financial Complaints Authority) Act 2018; and

(b) the commencement of the first legislative instrument made under subsection 101(1B) of the Superannuation Industry (Supervision) Act 1993 as amended by item 9 of Schedule 2 to the Treasury Laws Amendment (Putting Consumers First - Establishment of the Australian Financial Complaints Authority) Act 2018.

10.27.04 Disclosing information about the AFCA scheme

Regulations 7.9.48, 7.9.48A and 7.9.48B of these Regulations continue to have effect, despite their repeal by item 1 of Schedule 2 to the Treasury Laws Amendment (Putting Consumers First - Establishment of the Australian Financial Complaints Authority) Regulations 2018 until the day that standards and requirements are first made or approved by ASIC under subparagraph 912A(2)(a)(i) of the Corporations Act 2001 after those regulations are registered.