Federal Register of Legislation - Australian Government

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SLI 2010 No. 86 Regulations as made
These Regulations amend the Australian Securities and Investments Commission Regulations 2001 to support the national regulation of trustee companies which was implemented by Schedule 2 of the Corporations Legislation Amendment (Financial Services Modernisation) Act 2009.
Administered by: Treasury
Made 06 May 2010
Registered 06 May 2010
Tabled HR 12 May 2010
Tabled Senate 12 May 2010
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Australian Securities and Investments Commission Amendment Regulations 2010 (No. 1)1

Select Legislative Instrument 2010 No. 86

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Australian Securities and Investments Commission Act 2001.

Dated 6 May 2010

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

CHRIS BOWEN


1              Name of Regulations

                These Regulations are the Australian Securities and Investments Commission Amendment Regulations 2010 (No. 1).

2              Commencement

                These Regulations commence on the commencement of Schedule 2 to the Corporations Legislation Amendment (Financial Services Modernisation) Act 2009.

3              Amendment of Australian Securities and Investments Commission Regulations 2001

                Schedule 1 amends the Australian Securities and Investments Commission Regulations 2001.


Schedule 1        Amendment

(regulation 3)

 

[1]           After regulation 2C

insert

2D           Circumstances in which a person is taken to be provided a traditional trustee company service

                For subsection 12BAB (1B) of the Act, a person who is one of the following:

                (a)    a person who may request an annual information return under subregulation 5D.2.01 (3) of the Corporations Regulations 2001;

               (b)    a person who requests the preparation of a will, a trust instrument, a power of attorney or an agency arrangement;

is, in relation to an estate management function, prescribed as the person to whom the service is taken to be provided for the purpose of Division 2 of Part 2 of the Act.


Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.