Subject to subsection (2), the provisions of Division
(including regulations and determinations made for the purposes of that Division, and the powers given by that Division to deal with matters in regulations and determinations) also apply to the provisions of Chapter
as amended by Schedule 2 to the amending Act.
deals with the phasing-in of the new financial services regime.
However, subsection (1) does not produce the result that a provision of Chapter
as amended, added or inserted by an amendment in Schedule 2 to the amending Act applies in relation to a person, matter or circumstance:
(a) at a time that is before the commencement of the amendment; or
The powers given by Division
to deal with matters in regulations and determinations apply in relation to the provisions of Chapter
as amended by Schedule 2 to the amending Act as if the amendments in Schedule 2 to the amending Act were
for the purposes of that Division. However (in addition to subsections
) such regulations and determinations are of no effect to the extent that they are inconsistent with section