Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.62 - APPLICATION PROVISIONS RELATING TO SCHEDULE 8 TO THE CORPORATE COLLECTIVE INVESTMENT VEHICLE FRAMEWORK AND OTHER MEASURES ACT 2022  

SECTION 1689  

1689   DEFINITIONS  

In this Part:

amending Part
means Part 1 of Schedule 8 to the Corporate Collective Investment Vehicle Framework and Other Measures Act 2022 .

commencement day
means the day the amending Part commences.

SECTION 1690   APPLICATION OF PARAGRAPH 912D(3)(e)  

1690(1)    
Paragraph 912D(3)(e) , as inserted by the amending Part, applies in relation to a reportable situation that arises on or after 1 October 2021 and relates to a breach of an obligation referred to in that paragraph.

1690(2)    
If:

(a)    due to subsection (1) , a financial services licensee is required, under a provision of Division 3 of Part 7.6 , to do a thing in relation to a reportable situation that arose before the commencement day; and

(b)    that thing must be done within a period of a specified number of days after the licensee first knows about, or is reckless with respect to, particular matters; and

(c)    that period began before the commencement day;

then that requirement is taken to be a requirement to do the thing within the specified number of days after the commencement day.

SECTION 1691  

1691   APPLICATION OF SUBSECTION 912D(6)  

Subsection 912D(6) , as inserted by the amending Part, applies in relation to a reportable situation that arises on or after the commencement day.

SECTION 1692  

1692   SAVING OF REGULATION 7.6.04A OF THE CORPORATIONS REGULATIONS 2001  

Regulation 7.6.04A of the Corporations Regulations 2001 , as in force immediately before the commencement day, has effect, on and after the commencement day, as if the regulation had been made for the purposes of paragraph 916F(1AA)(1)(d) as inserted by the amending Part.