Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)
Schedule 2 ALRC Financial Services Interim Report: single glossary of defined terms
Part 1 Amendments
Division 6 Terms relating to licensed trustee companies
Corporations Act 2001
154 Paragraph 601WBA(1)(a)
Repeal the paragraph, substitute:
(a) ASIC has under Part 7.6 cancelled the transferring company's Australian financial services licence or varied the conditions of the transferring company's Australian financial services licence so that the licence ceases to cover traditional trustee company services (the determination is a compulsory transfer determination ); or
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