Federal Register of Legislation - Australian Government

Primary content

Regulations as made
These regulations amend multiple regulations to provide for capped civil liability for misleading and deceptive conduct for the prescribed professional standards schemes.
Administered by: Treasury
Made 08 Feb 2018
Registered 09 Feb 2018
Tabled HR 12 Feb 2018
Tabled Senate 13 Feb 2018
Date of repeal 11 Feb 2018
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

Commonwealth Coat of Arms of Australia

 

Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 08 February 2018

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Kelly O’Dwyer

Minister for Revenue and Financial Services

 

  

  


Contents

1............ Name............................................................................................................................. 1

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

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

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments                                                                                                                          2

Australian Securities and Investments Commission Regulations 2001                                      2

Competition and Consumer Regulations 2010                                                                                2

Corporations Regulations 2001                                                                                                         3

 


1  Name

                   This instrument is the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

10 February 2018

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the following:

                     (a)  the Australian Securities and Investments Commission Act 2001;

                     (b)  the Competition and Consumer Act 2010;

                     (c)  the Corporations Act 2001.

4  Schedules

                   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

  

Australian Securities and Investments Commission Regulations 2001

1  Regulation 3A (table item 1, column 2)

Omit “the day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2017 commence”, substitute “25 May 2017”.

2  Regulation 3A (cell at table items 6 and 10, column 2)

Repeal the cell, substitute:

25 May 2017

3  Regulation 3A (table items 15 and 16)

Repeal the items, substitute:

15

The Law Society of South Australia Professional Standards Scheme, published in the South Australian Government Gazette No. 21, 5 April 2017

Note:       This Scheme was formerly the Law Society of South Australia Professional Standards Scheme, published in the South Australian Government Gazette No. 76, 3 November 2011.

The day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018 commence

16

The South Australian Bar Association Inc Professional Standards Scheme, published in the South Australian Government Gazette No. 35, 30 May 2017

Note:       This Scheme was formerly the South Australian Bar Association Inc Scheme, published in the South Australian Government Gazette No. 76, 3 November 2011.

The day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018 commence

Competition and Consumer Regulations 2010

4  Regulation 8A (table item 1)

Repeal the item, substitute:

1

The Australian Computer Society Professional Standards Scheme, published in the New South Wales Government Gazette No. 109, 4 December 2015, including as modified by the extension published in the New South Wales Government Gazette No. 101, 15 September 2017

The scheme—27 February 2016

The extension—the day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018 commence

5  Regulation 8A (cell at table item 2, column 2)

Repeal the cell, substitute:

25 May 2017

6  Regulation 8A (table item 5, column 2)

Omit “the day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2017 commence”, substitute “25 May 2017”.

7  Regulation 8A (cell at table items 14 and 19, column 2)

Repeal the cell, substitute:

25 May 2017

8  Regulation 8A (table items 26 and 27)

Repeal the items, substitute:

26

The Law Society of South Australia Professional Standards Scheme, published in the South Australian Government Gazette No. 21, 5 April 2017

Note:       This Scheme was formerly the Law Society of South Australia Professional Standards Scheme, published in the South Australian Government Gazette No. 76, 3 November 2011.

The day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018 commence

27

The South Australian Bar Association Inc Professional Standards Scheme, published in the South Australian Government Gazette No. 35, 30 May 2017

Note:       This Scheme was formerly the South Australian Bar Association Inc Scheme, published in the South Australian Government Gazette No. 76, 3 November 2011.

The day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018 commence

9  Regulation 8A (table item 33)

Repeal the item, substitute:

33

The RICSV Limited Scheme, published in the New South Wales Government Gazette No. 109, 4 December 2015, including as modified by amendments published in the New South Wales Government Gazette No. 120, 23 December 2016

The scheme—27 February 2016

The amendments—the day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018 commence

Corporations Regulations 2001

10  Regulation 7.10.02 (table item 1, column 2)

Omit “the day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2017 commence”, substitute “25 May 2017”.

11  Regulation 7.10.02 (cell at table items 6 and 10, column 2)

Repeal the cell, substitute:

25 May 2017

12  Regulation 7.10.02 (table items 15 and 16)

Repeal the items, substitute:

15

The Law Society of South Australia Professional Standards Scheme, published in the South Australian Government Gazette No. 21, 5 April 2017

Note:       This Scheme was formerly the Law Society of South Australia Professional Standards Scheme, published in the South Australian Government Gazette No. 76, 3 November 2011.

The day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018 commence

16

The South Australian Bar Association Inc Professional Standards Scheme, published in the South Australian Government Gazette No. 35, 30 May 2017

Note:       This Scheme was formerly the South Australian Bar Association Inc Scheme, published in the South Australian Government Gazette No. 76, 3 November 2011.

The day the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2018 commence