Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 (115 of 2021)

Schedule 2   Later amendments

Corporations Act 2001

10   At the end of Part 10.57

Add:

Division 4 - Transitional provisions for Schedule 2 to the amending Act

1684W Application - amendments made by Schedule 2 to the amending Act

(1) If a registration of a person under old subsection 921ZC(1) is in force immediately before the Schedule 2 commencement time, the person is taken to be registered under new subsection 921ZC(1) during the period:

(a) starting at the Schedule 2 commencement time; and

(b) ending at the earliest of the following:

(i) the cancellation time specified in a registration prohibition order in force against the person;

(ii) the time when a banning order against the person takes effect;

(iii) the end of the next 30 June after the Schedule 2 commencement time.

(2) In this section:

new subsection 921ZC(1) means subsection 921ZC(1), as substituted by Schedule 2 to the amending Act.

old subsection 921ZC(1) means subsection 921ZC(1), as in force immediately before the Schedule 2 commencement time.

Schedule 2 commencement time means the start of the day Schedule 2 to the amending Act commences.