Treasury Laws Amendment (2017 Measures No. 5) Act 2018 (27 of 2018)

Schedule 1   Financial benchmarks

Part 2   Main consequential amendments

Corporations Act 2001

31   In the appropriate position in Chapter 10

Insert:

Part 10.30 - Transitional provisions relating to the Treasury Laws Amendment (2017 Measures No. 5) Act 2018

1639 Definitions

In this Part:

start day means the later of:

(a) 1 January 2018; and

(b) the day after the Treasury Laws Amendment (2017 Measures No. 5) Act 2018 receives the Royal Assent.

1640 Application - obligation to comply with rules about financial benchmarks

Subsection 908CF(1) applies on or after the start day in relation to rules made before, on or after that day.

1641 Application - offences relating to manipulation of financial benchmarks

Division 4 of Part 7.5B applies in relation to acts or omissions occurring on or after the start day (whether or not the financial benchmark to which the acts or omissions relate is first generated or administered before, on or after the start day).

1642 Application - extended meaning of financial products and Division 3 financial products for Part 7.10

Section 1040B applies in relation to acts or omissions occurring on or after the start day (whether or not the bank accepted bills or negotiable certificates of deposit to which the acts or omissions relate are issued before, on or after the start day).