Corporations Regulations 2001
CHAPTER 10
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REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS
PART 10.2
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TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION
Division 13
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Regulated principals
REGULATION 10.2.46A
WHEN AUSTRALIAN FINANCIAL SERVICES LICENCE MAY BE VARIED
10.2.46A(1)
[
Conditions]
(a) subsection 914A(1) of the Act is taken to authorise ASIC to specify a date (later than the date on which conditions are imposed on an Australian financial services licence) from which the imposition of the conditions takes effect; and
(b) the conditions are taken for all purposes not to have been imposed until the specified date. 10.2.46A(2) [ Additional conditions]
(a) subsection 914A(1) of the Act is taken to authorise ASIC to specify a date (later than the date on which additional conditions are imposed on an Australian financial services licence) from which the imposition of the additional conditions takes effect; and
(b) the additional conditions are taken for all purposes not to have been issued until the specified date. 10.2.46A(3) [ Varied or revoked conditions]
(a) subsection 914A(1) of the Act is taken to authorise ASIC to specify a date (later than the date on which conditions imposed on an Australian financial services licence are varied or revoked) from which the variation or revocation takes effect; and
(b) the conditions are taken for all purposes not to have been varied or revoked until the specified date. 10.2.46A(4) [ Varied licences]
(a) subsection 915A(1) of the Act is taken to authorise ASIC to specify a date (later than the date on which an Australian financial services licence is varied) from which the variation takes effect; and
(b) the financial services licence is taken for all purposes not to have been varied until the specified date. 10.2.46A(5) [ Limitation]
View history note
Hide history noteFor section 1444 of the Act, on and after the FSR commencement:
(a) subsection 914A(1) of the Act is taken to authorise ASIC to specify a date (later than the date on which conditions are imposed on an Australian financial services licence) from which the imposition of the conditions takes effect; and
(b) the conditions are taken for all purposes not to have been imposed until the specified date. 10.2.46A(2) [ Additional conditions]
For section 1444 of the Act, on and after the FSR commencement:
(a) subsection 914A(1) of the Act is taken to authorise ASIC to specify a date (later than the date on which additional conditions are imposed on an Australian financial services licence) from which the imposition of the additional conditions takes effect; and
(b) the additional conditions are taken for all purposes not to have been issued until the specified date. 10.2.46A(3) [ Varied or revoked conditions]
For section 1444 of the Act, on and after the FSR commencement:
(a) subsection 914A(1) of the Act is taken to authorise ASIC to specify a date (later than the date on which conditions imposed on an Australian financial services licence are varied or revoked) from which the variation or revocation takes effect; and
(b) the conditions are taken for all purposes not to have been varied or revoked until the specified date. 10.2.46A(4) [ Varied licences]
For section 1444 of the Act, on and after the FSR commencement:
(a) subsection 915A(1) of the Act is taken to authorise ASIC to specify a date (later than the date on which an Australian financial services licence is varied) from which the variation takes effect; and
(b) the financial services licence is taken for all purposes not to have been varied until the specified date. 10.2.46A(5) [ Limitation]
Paragraphs (1)(a), (2)(a), (3)(a) and (4)(a) cease to apply 2 years after the FSR commencement.
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