Treasury Laws Amendment (Professional Standards Schemes) Regulations 2025

(F2025L00677)

13 June 2025

Australian Securities and Investments Commission Act 2001; Competition and Consumer Act 2010; Corporations Act 2001

1   Name

This instrument is the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2025.

2   Commencement

 

(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information

   

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1. Sections 1 to 4 and anything in this instrument not elsewhere covered by this table

The day after this instrument is registered.

14 June 2025

2. Schedule 1

1 July 2025.

1 July 2025

3. Schedule 2

13 July 2025.

13 July 2025

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

      

(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3   Authority

This instrument is made under the following:

(a) the Australian Securities and Investments Commission Act 2001;

(b) the Competition and Consumer Act 2010;

(c)the Corporations Act 2001.

4   Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1   Amendments commencing 1 July 2025

Part 1   Main amendments

Australian Securities and Investments Commission Regulations 2001

1   Regulation 3A (table item 4)

Repeal the item, substitute:

4

The New South Wales Bar Association Professional Standards Scheme, published in the New South Wales Government Gazette No. 121, 28 March 2025

Note: This Scheme was formerly the New South Wales Bar Association Professional Standards Scheme, published in the New South Wales Government Gazette No. 179, 20 December 2019.

1 July 2025

2   Regulation 3A (table item 7)

Repeal the item, substitute:

7

The Victorian Bar Professional Standards Scheme, published in the Victoria Government Gazette No. S 207, 29 April 2025

Note: This Scheme was formerly the Victorian Bar Professional Standards Scheme, published in the Victoria Government Gazette No. G 16, 18 April 2019, including as modified by the extension published in the Victoria Government Gazette No. G 45, 9 November 2023.

1 July 2025

3   Regulation 3A (table item 13)

Repeal the item, substitute:

13

The Western Australian Bar Association Professional Standards Scheme, published in the Western Australian Government Gazette No. 51, 2 May 2025

Note: This Scheme was formerly the Western Australian Bar Association Professional Standards Scheme, published in the Western Australian Government Gazette No. 63, 24 April 2020.

1 July 2025

4   Regulation 3A (table item 20)

Repeal the item, substitute:

20

The Association of Consulting Surveyors National Professional Standards Scheme, published in the New South Wales Government Gazette No. 90, 1 May 2020, including as modified by the extension published in the New South Wales Government Gazette No. 100, 14 March 2025

The Scheme - 1 July 2020

The extension - 1 July 2025

Competition and Consumer Regulations 2010

5   Regulation 8A (table item 9)

Repeal the item, substitute:

9

The New South Wales Bar Association Professional Standards Scheme, published in the New South Wales Government Gazette No. 121, 28 March 2025

Note: This Scheme was formerly the New South Wales Bar Association Professional Standards Scheme, published in the New South Wales Government Gazette No. 179, 20 December 2019.

1 July 2025

6   Regulation 8A (table item 15)

Repeal the item, substitute:

15

The Victorian Bar Professional Standards Scheme, published in the Victoria Government Gazette No. S 207, 29 April 2025

Note: This Scheme was formerly the Victorian Bar Professional Standards Scheme, published in the Victoria Government Gazette No. G 16, 18 April 2019, including as modified by the extension published in the Victoria Government Gazette No. G 45, 9 November 2023.

1 July 2025

7   Regulation 8A (table item 23)

Repeal the item, substitute:

23

The Western Australian Bar Association Professional Standards Scheme, published in the Western Australian Government Gazette No. 51, 2 May 2025

Note: This Scheme was formerly the Western Australian Bar Association Professional Standards Scheme, published in the Western Australian Government Gazette No. 63, 24 April 2020.

1 July 2025

8   Regulation 8A (table item 35)

Repeal the item, substitute:

35

The Association of Consulting Surveyors National Professional Standards Scheme, published in the New South Wales Government Gazette No. 90, 1 May 2020, including as modified by the extension published in the New South Wales Government Gazette No. 100, 14 March 2025

The Scheme - 1 July 2020

The extension - 1 July 2025

Corporations Regulations 2001

9   Regulation 7.10.02 (table item 4)

Repeal the item, substitute:

4

The New South Wales Bar Association Professional Standards Scheme, published in the New South Wales Government Gazette No. 121, 28 March 2025

Note: This Scheme was formerly the New South Wales Bar Association Professional Standards Scheme, published in the New South Wales Government Gazette No. 179, 20 December 2019.

1 July 2025

10   Regulation 7.10.02 (table item 7)

Repeal the item, substitute:

7

The Victorian Bar Professional Standards Scheme, published in the Victoria Government Gazette No. S 207, 29 April 2025

Note: This Scheme was formerly the Victorian Bar Professional Standards Scheme, published in the Victoria Government Gazette No. G 16, 18 April 2019, including as modified by the extension published in the Victoria Government Gazette No. G 45, 9 November 2023.

1 July 2025

11   Regulation 7.10.02 (table item 13)

Repeal the item, substitute:

13

The Western Australian Bar Association Professional Standards Scheme, published in the Western Australian Government Gazette No. 51, 2 May 2025

Note: This Scheme was formerly the Western Australian Bar Association Professional Standards Scheme, published in the Western Australian Government Gazette No. 63, 24 April 2020.

1 July 2025

12   Regulation 7.10.02 (table item 20)

Repeal the item, substitute:

20

The Association of Consulting Surveyors National Professional Standards Scheme, published in the New South Wales Government Gazette No. 90, 1 May 2020, including as modified by the extension published in the New South Wales Government Gazette No. 100, 14 March 2025

The Scheme - 1 July 2020

The extension - 1 July 2025

Part 2   Technical amendments

Australian Securities and Investments Commission Regulations 2001

13   Regulation 3A (cell at table item 1, column 2)

Repeal the cell, substitute:

The Scheme - 22 October 2019

The extension - 22 June 2024

14   Regulation 3A (cell at table item 8, column 2)

Repeal the cell, substitute:

21 August 2024

Competition and Consumer Regulations 2010

15   Regulation 8A (cell at table item 5, column 2)

Repeal the cell, substitute:

The Scheme - 22 October 2019

The extension - 22 June 2024

16   Regulation 8A (cell at table item 16, column 2)

Repeal the cell, substitute:

21 August 2024

Corporations Regulations 2001

17   Regulation 7.10.02 (cell at table item 1, column 2)

Repeal the cell, substitute:

The Scheme - 22 October 2019

The extension - 22 June 2024

18   Regulation 7.10.02 (cell at table item 8, column 2)

Repeal the cell, substitute:

21 August 2024

Schedule 2   Amendments commencing 13 July 2025

Australian Securities and Investments Commission Regulations 2001

1   Regulation 3A (table item 2)

Repeal the item, substitute:

2

The Chartered Accountants Australia and New Zealand Professional Standards Scheme, published in the New South Wales Government Gazette No. 121, 28 March 2025

Note: This Scheme was formerly the Chartered Accountants Australia and New Zealand Professional Standards Scheme, published in the New South Wales Government Gazette No. 72, 12 July 2019, including as modified by the extension published in the New South Wales Government Gazette No. 71, 1 March 2024.

13 July 2025

Competition and Consumer Regulations 2010

2   Regulation 8A (table item 7)

Repeal the item, substitute:

7

The Chartered Accountants Australia and New Zealand Professional Standards Scheme, published in the New South Wales Government Gazette No. 121, 28 March 2025

Note:This Scheme was formerly the Chartered Accountants Australia and New Zealand Professional Standards Scheme, published in the New South Wales Government Gazette No. 72, 12 July 2019, including as modified by the extension published in the New South Wales Government Gazette No. 71, 1 March 2024.

13 July 2025

Corporations Regulations 2001

3   Regulation 7.10.02 (table item 2)

Repeal the item, substitute:

2

The Chartered Accountants Australia and New Zealand Professional Standards Scheme, published in the New South Wales Government Gazette No. 121, 28 March 2025

Note: This Scheme was formerly the Chartered Accountants Australia and New Zealand Professional Standards Scheme, published in the New South Wales Government Gazette No. 72, 12 July 2019, including as modified by the extension published in the New South Wales Government Gazette No. 71, 1 March 2024.

13 July 2025