Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteCCH note - modifying legislative instruments: The application of Pt 7.6 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (Custody Standards for Providers of Custodial and Depository Services) Instrument 2024 / 17 (other than Divs 4 and 8); the ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023 / 669 (as amended by ASIC Corporations (Amendment) Instrument 2024 / 554) (other than Divs 4 and 8); the ASIC Corporations (Record-Keeping Requirements for Australian Financial Services Licensees when Giving Personal Advice) Instrument 2024 / 508 (other than Divs 4 and 8); the ASIC Corporations (31-day Notice Term Deposits) Instrument 2025 / 172 (other than Divs 4 and 8); and the ASIC Corporations and Credit (Breach Reporting - Reportable Situations) Instrument 2024 / 620 (other than Divs 4 and 8) (as amended by ASIC Corporations and Credit (Amendment) Instrument 2025 / 289).
The application of Pt 7.6 is also affected by the Class Order 14 / 1262: Relief for 31 Day Notice Term Deposits (other than Divs 4 and 8); and the ASIC Corporations, Credit and Superannuation (Internal Dispute Resolution) Instrument 2020 / 98 (other than Divs 4 and 8).
For other legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.6, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
CCH Note - modifying legislative instruments: The application of Division 8A is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (Incidental Retail Cover) Instrument 2022 / 716; the ASIC Corporations (Financial Requirements for Issuers of Retail OTC Derivatives) Instrument 2022 / 705; the ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023 / 647; and the ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023 / 648.
For legislative instruments or class orders before 1 January 2022 that affect the application of Division 8A, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
CCH Note - modifying legislative instruments: The application of Subdivision D is affected by the following legislative instruments that commenced on or after 1 January 2022: the ASIC Corporations (Incidental Retail Cover) Instrument 2022 / 716; the ASIC Corporations (Financial Requirements for Issuers of Retail OTC Derivatives) Instrument 2022 / 705; the ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023 / 647; and the ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023 / 648.
For legislative instruments or class orders before 1 January 2022 that affect the application of Subdivision D, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
CCH note: This provision is modified by legislative instruments. See the CCH note at the end of the provision for details.
Application for approval
921G(1)
A person who has completed a foreign qualification may apply to the Minister in the form approved, in writing, by the Minister for approval of the foreign qualification.
Approval or refusal to approve
921G(2)
The Minister must either: (a) approve the foreign qualification in accordance with subsection (3) ; or (b) refuse to approve the foreign qualification.
921G(3)
The Minister may approve the foreign qualification only if: (a) the Minister is satisfied that the foreign qualification gives the person qualifications equivalent to a degree or qualification approved by the Minister for the purposes of subparagraph 921B(2)(a)(i) ; or (b) both of the following apply:
(i) the Minister specifies one or more courses to be completed by the person under subsection (4) of this section;
(ii) the person completes each of those courses.
921G(4)
The Minister may specify one or more courses for the purposes of paragraph (3)(b) only if the Minister is satisfied that (together with the person ' s foreign qualification) the course or courses will give the person qualifications equivalent to a degree or qualification approved by the Minister for the purposes of subparagraph 921B(2)(a)(i) .
When approval comes into force
921G(5)
An approval under paragraph (2)(a) comes into force: (a) if the Minister specifies one or more courses to be completed by the person under subsection (4) - when the person has completed all of those courses; or (b) otherwise - when it is given.
CCH Note - modifying legislative instruments: Section 921G is modified by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (Incidental Retail Cover) Instrument 2022 / 716; the ASIC Corporations (Financial Requirements for Issuers of Retail OTC Derivatives) Instrument 2022 / 705; the ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023 / 647; and the ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023 / 648.
For modifying legislative instruments or class orders before 1 January 2022, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
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