Financial Sector Reform (Hayne Royal Commission Response - Breach Reporting and Remediation) Regulations 2021 (F2021L01072)

Schedule 1   Amendments

Corporations Regulations 2001

11   In the appropriate position in Chapter 10

Insert:

Part 10.41 - Application provisions relating to the Financial Sector Reform (Hayne Royal Commission Response - Breach Reporting and Remediation) Regulations 2021

10.41.01 Provisions relating to continued application of section 912D of the Act

Lodgment with ASIC

(1) Despite the repeal of paragraphs 1.0.05A(2)(b) and (c) by item 3 of the amending Schedule, those paragraphs, as in force immediately before the commencement of the amending Schedule, continue to apply in relation to reports or written notices to be given to ASIC under subsections 912D(1) and (2) of the Act (as those subsections continue to apply because of subsection 1671A(2) of the Act) as if that repeal had not happened.

Obligation to notify ASIC of certain matters

(2) Despite the amendment of regulation 7.6.02A by item 5 of the amending Schedule, that regulation continues to apply, for the purposes of subparagraph 912D(1)(a)(iii) of the Act (as that subparagraph continues to apply because of subsection 1671A(2) of the Act), as if that amendment had not happened.

Infringement notices

(3) Despite the amendment of paragraph 9.4AB.01(2)(c) by item 9 of the amending Schedule, that paragraph continues to apply, in relation to alleged offences against subsection 912D(1B) or (2) of the Act (as those subsections continue to apply because of subsection 1671A(2) of the Act), as if that amendment had not happened.

Definitions

(4) In this regulation:

amending Schedule means Schedule 1 to the Financial Sector Reform (Hayne Royal Commission Response - Breach Reporting and Remediation) Regulations 2021.