Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.49 - TRANSITIONAL PROVISIONS RELATING TO SCHEDULE 9 TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE) ACT 2020  

SECTION 1676D   1676D   AUTOMATIC LICENCE CONDITIONS MAY BE VARIED ETC.  


If an Australian financial services licence is subject to a condition authorising a licensee to provide a superannuation trustee service as a result of the operation of this Part, ASIC may, in accordance with the provisions of Part 7.6 :

(a)  vary or revoke the condition; or

(b)  vary, suspend or cancel the licence;

as if the authorisation to provide a superannuation trustee service had been specified by ASIC under subsection 914A(6) .


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