Corporations Act 2001
CHAPTER 10
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TRANSITIONAL PROVISIONS
PART 10.76
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APPLICATION AND TRANSITIONAL PROVISIONS RELATING TO SCHEDULE 3 TO THE TREASURY LAWS AMENDMENT (FINANCIAL MARKET INFRASTRUCTURE AND OTHER MEASURES) ACT 2024
SECTION 1706
1706
DEFINITIONS
In this Part:
SECTION 1706A
TRANSITIONAL
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MINISTERIAL INSTRUMENTS
1706A(1)
This section applies to an instrument (however described): (a) made by the Minister under a provision of this Act amended by the amending Part; and (b) in force immediately before the commencement time.
1706A(2)
The instrument continues in force (and may be dealt with) at and after the commencement time as if the instrument had been made under that provision as amended by the amending Part (or, if the amending Part replaces the provision with another provision, for the purposes of the replacement provision).
SECTION 1706B
1706B
APPLICATION OF AMENDMENTS
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SPECIAL REPORTS AND AUDIT REPORTS
Despite section 1706A , the amendments made by the amending Part do not apply in relation to a notice: (a) given under subsection 794B(1) or 823B(1) ; and (b) in force immediately before the commencement time.
SECTION 1706C
TRANSITIONAL
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REPORTS IN RELATION TO MARKET LICENSEES
1706C(1)
This section applies if: (a) a report and recommendation was given to the Minister under paragraph 797C(3)(b) before the commencement time; and (b) the Minister did not take action under paragraph 797C(4)(a) or (b) in response to that report before the commencement time.
1706C(2)
The Minister must give the report and recommendation to ASIC.
1706C(3)
Subsection 797C(4) of this Act, as amended by the amending Part, applies in relation to the report and recommendation in the same way as that subsection applies in relation to a report given to ASIC under paragraph 797C(3)(b) of this Act, as amended by the amending Part.
SECTION 1706D
TRANSITIONAL
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REPORTS IN RELATION TO CS FACILITY LICENSEES
1706D(1)
This section applies if: (a) a report and recommendation was given to the Minister under paragraph 826C(3)(b) before the commencement time; and (b) the Minister did not take action under paragraph 826C(4)(a) or (b) in response to that report before the commencement time.
1706D(2)
The Minister must give the report and recommendation to ASIC.
1706D(3)
Subsection 826C(4) of this Act, as amended by the amending Part, applies in relation to the report and recommendation in the same way as that subsection applies in relation to a report given to ASIC under paragraph 826C(3)(b) of this Act, as amended by the amending Part.
View history note
Hide history noteIn this Part:
amending Part
means Part 1 of Schedule 3 to the
Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024
.
commencement time
means the time this section commences.
This section applies to an instrument (however described): (a) made by the Minister under a provision of this Act amended by the amending Part; and (b) in force immediately before the commencement time.
1706A(2)
The instrument continues in force (and may be dealt with) at and after the commencement time as if the instrument had been made under that provision as amended by the amending Part (or, if the amending Part replaces the provision with another provision, for the purposes of the replacement provision).
Despite section 1706A , the amendments made by the amending Part do not apply in relation to a notice: (a) given under subsection 794B(1) or 823B(1) ; and (b) in force immediately before the commencement time.
This section applies if: (a) a report and recommendation was given to the Minister under paragraph 797C(3)(b) before the commencement time; and (b) the Minister did not take action under paragraph 797C(4)(a) or (b) in response to that report before the commencement time.
1706C(2)
The Minister must give the report and recommendation to ASIC.
1706C(3)
Subsection 797C(4) of this Act, as amended by the amending Part, applies in relation to the report and recommendation in the same way as that subsection applies in relation to a report given to ASIC under paragraph 797C(3)(b) of this Act, as amended by the amending Part.
This section applies if: (a) a report and recommendation was given to the Minister under paragraph 826C(3)(b) before the commencement time; and (b) the Minister did not take action under paragraph 826C(4)(a) or (b) in response to that report before the commencement time.
1706D(2)
The Minister must give the report and recommendation to ASIC.
1706D(3)
Subsection 826C(4) of this Act, as amended by the amending Part, applies in relation to the report and recommendation in the same way as that subsection applies in relation to a report given to ASIC under paragraph 826C(3)(b) of this Act, as amended by the amending Part.