Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 15 - Other provisions relating to conduct etc  

REGULATION 10.2.63   FINANCIAL STATEMENTS OF FINANCIAL SERVICES LICENSEE: GENERAL  

10.2.63(1)   [ Application]  

For section 1444 of the Act, this regulation applies in relation to a financial services licensee who is not a regulated principal mentioned in any [ sic ] the following items of the table in section 1430 of the Act:

(a) item 1;

(b) item 3;

(c) item 5;

(d) item 7.

10.2.63(2)   [ Interpretation]  

Subdivision C of Division 6 of Part 7.8 of the Act applies in relation to the financial services licensee as if the first day of the first financial year in relation to the licensee, in its capacity as licensee, commenced on:

(a) if the person prepares financial statements for the entire financial year in which the person became a financial services licensee - the first day of that financial year; or

(b) if paragraph (a) does not apply - the day on which the person became a financial services licensee.