Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Act 2010 (82 of 2010)

Schedule 4   Amendment of other Acts

Part 2   Saving provision

37   Saving - exemptions under subsection 16(1) of theFinancial Sector (Collection of Data) Act 2001

(1) If:

(a) APRA exempted a financial sector entity under subsection 16(1) of theFinancial Sector (Collection of Data) Act 2001 before the commencement of this item; and

(b) the exemption was in force immediately before the commencement;

the exemption has effect, after that commencement, as if the exemption had been made under subsection 16(1) of that Act as inserted by this Schedule.

(2) If:

(a) APRA exempted a class or kind of financial sector entities under subsection 16(1) of theFinancial Sector (Collection of Data) Act 2001 before the commencement of this item; and

(b) the exemption was in force immediately before the commencement;

the exemption has effect, after that commencement, as if the exemption had been made under subsection 16(1B) of that Act as inserted by this Schedule.