Federal Register of Legislation - Australian Government

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Corporations Amendment Regulation 2013 (No. 2)

Authoritative Version
  • - F2013L00780
  • No longer in force
SLI 2013 No. 83 Regulations as made
This regulation amends the Corporations Regulations 2001 to implement further regulations relating to the Future of Financial Advice reforms.
Administered by: Treasury
Made 16 May 2013
Registered 16 May 2013
Tabled HR 27 May 2013
Tabled Senate 17 Jun 2013
Date of repeal 02 Jul 2013
Repealed by Division 1 of Part 5A of the Legislative Instruments Act 2003
Table of contents.

Commonwealth Coat of Arms

 

 

Corporations Amendment Regulation 2013 (No. 2)

 

Select Legislative Instrument No. 83, 2013

I, Quentin Bryce AC CVO, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Corporations Act 2001.

Dated              16 May 2013

Quentin Bryce

Governor‑General

By Her Excellency’s Command

William Richard Shorten

Minister for Financial Services and Superannuation

 

 

  

  


Contents

1............ Name of regulation.............................................................................. 1

2............ Commencement................................................................................... 1

3............ Authority............................................................................................. 1

4............ Schedule(s)......................................................................................... 1

Schedule 1—Amendments                                                                                                2

Corporations Regulations 2001                                                                               2

 


1  Name of regulation

                   This regulation is the Corporations Amendment Regulation 2013 (No. 2).

2  Commencement

                   This regulation commences on 1 July 2013.

3  Authority

                   This regulation is made under the Corporations Act 2001.

4  Schedule(s)

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

  

Corporations Regulations 2001

1  After Division 4 of Part 7.7A

Insert:

Division 6Exemptions from application of Part 7.7A of the Act

7.7A.40  Exemption from application of Part 7.7A of the Act

                   For paragraph 1368(d) of the Act, Part 7.7A of the Act does not have effect in relation to a financial services licensee or an authorised representative in respect of financial services provided to retail clients who are not in this jurisdiction.

2  After regulation 9.12.03

Insert:

9.12.04  Exemption from provisions of Chapter 7—compliance with ASIC exemptions

             (1)  For paragraph 1368(a) of the Act, Division 2 of Part 7.7A of the Act does not have effect in relation to a person to whom one of the following exemptions made by ASIC is stated to apply:

                     (a)  ASIC Class Order [CO 05/736];

                     (b)  ASIC Class Order [CO 05/1122];

                     (c)  ASIC Class Order [CO 08/01];

                     (d)  ASIC Class Order [CO 11/1227].

             (2)  The Division does not have effect subject to the condition that the person complies with the conditions set out in the exemption which applies to the person.