Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.44 - APPLICATION AND TRANSITIONAL PROVISIONS RELATING TO SCHEDULE 11 TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE) ACT 2020  

SECTION 1671C  

1671C   APPLICATION OF SECTION 912DAC  

Section 912DAC , as inserted by item 5 of the amending Schedule, applies:

(a)    to a financial services licensee who becomes a participant, or ceases to be a participant, in a licensed market or a licensed CS facility before 1 October 2021, but in respect of which subsection 912D(2) (as in force immediately before 1 October 2021) does not apply on or after 1 October 2021 (subsection 1671A(3) ); and

(b)    to a financial services licensee who becomes a participant, or ceases to be a participant, in a licensed market or a licensed CS facility on or after 1 October 2021.