CORPORATIONS ACT 2001
|CHAPTER 10 - TRANSITIONAL PROVISIONS
|PART 10.23A - TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (PROFESSIONAL STANDARDS OF FINANCIAL ADVISERS) ACT 2017
|| View history reference
Pt 10.23A inserted by No 7 of 2017, s 3, Sch 1 (effective 15 March 2017).
Div 1 inserted by No 7 of 2017, s 3, Sch 1 (effective 15 March 2017).
In this Part:
amending Act means the Corporations Amendment (Professional Standards of Financial Advisers) Act 2017.
commencement means the start of the day Part 1 of Schedule 1 to the amending Act commences.
education and training standards has the meaning given by section 921B.
existing provider means:
(a) a person who:
(i) is a relevant provider at any time between 1 January 2016 and 1 January 2019 (except a person who has ceased to be a relevant provider under subsection 1546B(4) or (5)); and
(ii) is not banned, disqualified or suspended under Division 8 of Part 7.6 on 1 January 2019; or
(b) a person who:
(i) at any time between 1 January 2016 and 1 January 2019, provides personal advice in a foreign country to retail clients in relation to relevant financial products; and
(ii) is not prohibited under the law of the foreign country from providing such advice on 1 January 2019.
foreign country includes a region, where:
(a) the region is a colony, territory or protectorate of a foreign country; or
(b) the region is part of a foreign country; or
(c) the region is under the protection of a foreign country; or
(d) a foreign country exercises jurisdiction or control over the region; or
(e) a foreign country is responsible for the region's international relations.
relevant financial products has the meaning given by section 910A.
relevant provider has the meaning given by section 910A.
S 1546A inserted by No 7 of 2017, s 3, Sch 1 (effective 15 March 2017).