Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.68 - APPLICATION AND TRANSITIONAL PROVISIONS RELATING TO THE ALRC FINANCIAL SERVICES INTERIM REPORTS  

Division 2 - Schedules 1 and 2 to the Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023  

SECTION 1689G   SAVING OF EXISTING REGULATIONS THAT ARE NOT TO BE REMADE  

Meaning of class and kind of financial products and financial services

1689G(1)    
Regulations that:

(a)    were made for the purposes of section 761CA ; and

(b)    were in force immediately before the commencement time;

have effect at and after the commencement time as if the regulations had been made for the purposes of section 761CA , as amended by Schedule 2 to the Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 .

Meaning of derivative

1689G(2)    
Regulations that:

(a)    were made for the purposes of subsection 761D(2) or paragraph 761D(3)(d) ; and

(b)    were in force immediately before the commencement time;

have effect at and after the commencement time as if the regulations had been made for the purposes of subsection 761D(2) or paragraph 761D(3)(d) (as the case requires), as amended by Schedule 2 to the Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 .

Meaning of acquire , issue and provide

1689G(3)    
Regulations that:

(a)    were made for the purposes of subsection 761E(7) ; and

(b)    were in force immediately before the commencement time;

have effect at and after the commencement time as if the regulations had been made for the purposes of subsection 761E(7) , as amended by Schedule 2 to the Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 .

Meaning of financial product

1689G(4)    
Regulations that:

(a)    were made for the purposes of paragraph 764A(1)(m) or subsection 764A(3) ; and

(b)    were in force immediately before the commencement time;

have effect at and after the commencement time as if the regulations had been made for the purposes of paragraph 764A(1)(m) or subsection 764A(3) (as the case requires), as amended by Schedule 2 to the Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 .

Regulations about excess money in regulated funds

1689G(5)    
Regulations that:

(a)    were made for the purposes of section 892G ; and

(b)    were in force immediately before the commencement time;

have effect at and after the commencement time as if the regulations had been made for the purposes of section 892G , as amended by Schedule 2 to the Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 .

Note: That Schedule replaces the term regulated fund with the term Part 7.5 regulated fund.

Meaning of foreign recognition scheme

1689G(6)    
Regulations that:

(a)    were made for the purposes of the definition of foreign recognition scheme in subsection 1200A(1) ; and

(b)    were in force immediately before the commencement time;

have effect at and after the commencement time as if the regulations had been made for the purposes of the definition of foreign recognition scheme in subsection 1200A(1) , as inserted by Schedule 2 to the Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 .

Meaning of recognised jurisdiction

1689G(7)    
Regulations that:

(a)    were made for the purposes of the definition of recognised jurisdiction in subsection 1200A(1) ; and

(b)    were in force immediately before the commencement time;

have effect at and after the commencement time as if the regulations had been made for the purposes of the definition of recognised jurisdiction in subsection 1200A(1) , as inserted by Schedule 2 to the Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 .