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CORPORATIONS ACT 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.2 - TRANSITIONAL PROVISIONS RELATING TO THE FINANCIAL SERVICES REFORM ACT 2001    View history reference

Division 1 - Transitional provisions relating to the phasing-in of the new financial services regime    View history reference

Subdivision B - Treatment of existing markets    View history reference

SECTION 1415  SECTION 1413 MARKETS - PRESERVATION OF OLD CORPORATIONS ACT PROVISIONS DURING TRANSITION PERIOD  

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1415(1)  Preservation of compensation regimes.  


If, during the transition period in relation to a market the operation of which is authorised by a licence granted under section 1413, Part 7.5 of the amended Corporations Act does not apply in relation to the market (except as provided in subsection 1414(4)) because of subsection 1414(2), Part 7.9, or Part 8.6, as the case requires, of the old Corporations Act, and any associated provisions, continue to apply in relation to the market during the transition period.

1415(2)  Preservation of certain ongoing requirements.  


During the transition period in relation to a market:


(a) the operation of which is authorised by a licence granted under section 1413; and


(b) that, immediately before the FSR commencement, was a securities exchange to which section 769A of the old Corporations Act applied;

the following provisions continue to apply in relation to the market:


(c) paragraphs 769A(1)(c) and (e) of the old Corporations Act, and any associated provisions;


(d) section 769B of the old Corporations Act (but only as applying in relation to paragraphs 769A(1)(c) and (e) of the old Corporations Act), and any associated provisions.


 



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