Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.23A - TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (PROFESSIONAL STANDARDS OF FINANCIAL ADVISERS) ACT 2017  

Division 1 - Definitions  

SECTION 1546A   DEFINITIONS  

1546A(1)    
In this Part:

amending Act
means the Corporations Amendment (Professional Standards of Financial Advisers) Act 2017 .

commencement
means the start of the day Part 1 of Schedule 1 to the amending Act commences.

education and training standards
has the meaning given by section 921B .

existing provider
means:

(a) a person who:

(i) is a relevant provider at any time between 1 January 2016 and 1 January 2019; and

(ii) is not banned or disqualified under Division 8 of Part 7.6 on 1 January 2019; and

(iii) is not, on that day, subject to an enforceable undertaking under section 93AA of the ASIC Act to not provide financial product advice or a financial service; or

(b) a person who:

(i) at any time between 1 January 2016 and 1 January 2019, provides personal advice in a foreign country to retail clients in relation to relevant financial products; and

(ii) is not prohibited under the law of the foreign country from providing such advice on 1 January 2019.

foreign country
includes a region, where:

(a) the region is a colony, territory or protectorate of a foreign country; or

(b) the region is part of a foreign country; or

(c) the region is under the protection of a foreign country; or

(d) a foreign country exercises jurisdiction or control over the region; or

(e) a foreign country is responsible for the region ' s international relations.

relevant financial products
has the meaning given by section 910A .

relevant provider
has the meaning given by section 910A .

1546A(2)    
A reference in this Part to a provision of this Act as inserted by the amending Act includes a reference to that provision as amended.