Corporations Act 2001
CHAPTER 10
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TRANSITIONAL PROVISIONS
PART 10.57
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TRANSITIONAL PROVISIONS RELATING TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE
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BETTER ADVICE) ACT 2021 AND RELATED MEASURES
Division 2
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Transitional provisions for existing providers
SECTION 1684A
APPLICATION
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QUALIFICATIONS FOR EXISTING PROVIDERS
Existing providers who are relevant providers on 1 January 2026
1684A(1)
Subsection 921BA(1) and subsection 921BA(5) in so far as it relates to subsection 921BA(1) , as inserted by Schedule 1 to the amending Act, apply on and after 1 January 2026 in relation to an existing provider who is a relevant provider if the existing provider is a relevant provider on 1 January 2026.
Existing providers who are not relevant providers on 1 January 2026
1684A(2)
If an existing provider who is a relevant provider is not a relevant provider on 1 January 2026, subsection 921BA(1) and subsection 921BA(5) in so far as it relates to subsection 921BA(1) , as inserted by Schedule 1 to the amending Act, apply on and after 1 January 2026 in relation to the existing provider as if the reference in subsection 921BA(1) , as inserted by Schedule 1 to the amending Act, to meeting the education and training standard in subsection 921B(2) , as amended by Schedule 2 to the second amending Act, were a reference to: (a) meeting the education and training standard in subsection 921B(2) , as amended by Schedule 2 to the second amending Act; or (b) completing one or more courses determined by the Minister under subsection 1684E(1) to give the existing provider qualifications equivalent to that standard.
View history note
Hide history noteExisting providers who are relevant providers on 1 January 2026
1684A(1)
Subsection 921BA(1) and subsection 921BA(5) in so far as it relates to subsection 921BA(1) , as inserted by Schedule 1 to the amending Act, apply on and after 1 January 2026 in relation to an existing provider who is a relevant provider if the existing provider is a relevant provider on 1 January 2026.
Existing providers who are not relevant providers on 1 January 2026
1684A(2)
If an existing provider who is a relevant provider is not a relevant provider on 1 January 2026, subsection 921BA(1) and subsection 921BA(5) in so far as it relates to subsection 921BA(1) , as inserted by Schedule 1 to the amending Act, apply on and after 1 January 2026 in relation to the existing provider as if the reference in subsection 921BA(1) , as inserted by Schedule 1 to the amending Act, to meeting the education and training standard in subsection 921B(2) , as amended by Schedule 2 to the second amending Act, were a reference to: (a) meeting the education and training standard in subsection 921B(2) , as amended by Schedule 2 to the second amending Act; or (b) completing one or more courses determined by the Minister under subsection 1684E(1) to give the existing provider qualifications equivalent to that standard.