Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Regulations 2019 (F2019L0526)

Schedule 1   Amendments

Corporations Regulations 2001

4   In the appropriate position in Chapter 10

Insert:

Part 10.33 - Application provisions relating to the Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Regulations 2019

10.33.01 Application of end of grandfathering arrangements

The amendment made by item 2 of Schedule 1 to the Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Regulations 2019 applies to a benefit given on or after 1 January 2021, if the benefit is given under an arrangement entered into before, on or after the application day (within the meaning of subsection 1528(4) of the Act).

10.33.02 Application of record keeping requirements for rebate scheme

The amendment made by item 3 of Schedule 1 to the Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Regulations 2019 applies to financial records relating to periods ending after 1 January 2021.