S 124-880 repealed by No 109 of 2014, s 3 and Sch 10 item 38, effective 17 October 2014. S 124-880 formerly read:
SECTION 124-880 Old licence roll-over (same owner)
There is a roll-over if:
you apply for an *Australian financial services licence during the period beginning on 11 March 2002 and ending on 10 March 2004; and
at the time you make the application, you hold one or more licences, registrations, approvals, authorities or other similar things (the
old licence or licences
) that give you the status of a regulated principal within the meaning of section 1430 of the
Corporations Act 2001
you are granted an Australian financial services licence as a result of the application; and
that licence covers some or all of the activities that the old licence or licences authorised you to carry on; and
the old licence or licences cease to have effect (whether wholly or partly):
when the Australian financial services licence is granted to you; or
if the Australian financial services licence is granted to you after 10 March 2004
on 10 March 2004.
The period in paragraph (a) may be extended in special circumstances: see section
. If it is extended, the day in subparagraph (e)(ii) changes too.
S 124-880 inserted by No 101 of 2004.