Income Tax Assessment Act 1997
Part 3-3 inserted by No 46 of 1998.
Div 124 inserted by No 46 of 1998.
Subdiv 124-O repealed by No 109 of 2014, s 3 and Sch 10 item 38, effective 17 October 2014.
Subdiv 124-O inserted by No 101 of 2004.
(Repealed by No 109 of 2014)
S 124-880 repealed by No 109 of 2014, s 3 and Sch 10 item 38, effective 17 October 2014. S 124-880 formerly read:
The period in paragraph (a) may be extended in special circumstances: see section
. If it is extended, the day in subparagraph (e)(ii) changes too.
SECTION 124-880 Old licence roll-over (same owner)
There is a roll-over if:
(a) you apply for an *Australian financial services licence during the period beginning on 11 March 2002 and ending on 10 March 2004; and
(b) at the time you make the application, you hold one or more licences, registrations, approvals, authorities or other similar things (the old licence or licences ) that give you the status of a regulated principal within the meaning of section 1430 of the Corporations Act 2001 ; and
(c) you are granted an Australian financial services licence as a result of the application; and
(d) that licence covers some or all of the activities that the old licence or licences authorised you to carry on; and
(e) the old licence or licences cease to have effect (whether wholly or partly):
(i) when the Australian financial services licence is granted to you; or
(ii) if the Australian financial services licence is granted to you after 10 March 2004 - on 10 March 2004.
The period in paragraph (a) may be extended in special circumstances: see section 124-925 . If it is extended, the day in subparagraph (e)(ii) changes too.
S 124-880 inserted by No 101 of 2004.
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