Corporations Amendment Regulations 2002 (No. 2) (16 of 2002)

Schedule 1   Amendments commencing at 12.01 am (in the Australian Capital Territory) on 11 March 2002

[200]   After regulation 10.2.120

insert

Division 25A Transitional matters under relevant old legislation: Retirement Savings Accounts Regulations 1997

10.2.120A Continuation of RSA Regulations during transition period

(1) For section 1444 of the Act, this regulation applies in relation to a financial product:

(a) to which the RSA Act applied immediately before the FSR commencement; and

(b) for which a transition period exists.

(2) The following provisions of the RSA Regulations, as in force immediately before the FSR commencement, continue to apply in relation to the financial product:

(a) Division 2.1;

(b) regulation 2.09;

(c) Divisions 2.3, 2.4, 2.5, 2.7 and 2.8;

(d) regulation 3.07;

(e) regulation 3.09 (other than paragraphs 3.09 (a) and (c));

(f) regulation 4.32;

(g) regulation 4.33;

(h) regulation 6.12.

(3) Subregulation (2) ceases to apply in relation to the financial product at the end of the transition period for the financial product.

Division 25B Transitional matters under relevant old legislation: Superannuation Industry (Supervision) Regulations 1994

10.2.120B Continuation of SIS Regulations during transition period

(1) For section 1444 of the Act, this regulation applies in relation to a financial product:

(a) to which the SIS Act applied immediately before the FSR commencement; and

(b) for which a transition period exists.

(2) The following provisions of the SIS Regulations, as in force immediately before the FSR commencement, continue to apply in relation to the financial product:

(a) Divisions 2.1 and 2.3;

(b) Subdivisions 2.4.1 and 2.4.2;

(c) Divisions 2.5, 2.7 and 2.7A;

(d) Subdivisions 2.8.1, 2.8.3, 2.8.4 and 2.8.5;

(e) regulation 4.01;

(f) regulation 5.12;

(g) regulation 5.15 (other than paragraphs 5.15 (a) and (c));

(h) regulations 5.17 and 5.22;

(i) regulation 6.17;

(j) regulation 6.28;

(k) regulation 6.29;

(l) subregulation 13.07 (2).

(3) Subregulation (2) ceases to apply in relation to the financial product at the end of the transition period for the financial product.