Federal Register of Legislation - Australian Government

Primary content

Regulations as made
This instrument amends the Australian Securities and Investments Commission Regulations 2001, Competition and Consumer Regulations 2010 and Corporations Regulations 2001 to update the list of prescribed professional schemes that have capped civil liability for misleading and deceptive conduct. This provides consistency across Commonwealth and State and Territory laws.
Administered by: Treasury
Registered 12 Jun 2020
Tabling HistoryDate
Tabled HR15-Jun-2020
Tabled Senate16-Jun-2020
Date of repeal 11 Nov 2020
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003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 2020

I, General the Honourable David Hurley AC DSC (Retd), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 11 June 2020

David Hurley

Governor‑General

By His Excellency’s Command

Michael Sukkar

Minister for Housing and Assistant Treasurer

 

 

 

  

  


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                                                                                3

Corporations Regulations 2001                                                                                                         4

 


1  Name

                   This instrument is the Treasury Laws Amendment (Professional Standards Schemes) Regulations 2020.

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

1 July 2020.

1 July 2020

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 (cells at table items 1 and 2, column 2)

Repeal the cells, substitute:

22 October 2019

2  Regulation 3A (table item 4)

Repeal the item, substitute:

 

4

The New South Wales Bar Association Professional Standards Scheme, published in the New South Wales Government Gazette No. 179, 20 December 2019

Note:       This scheme was formerly the New South Wales Bar Association Scheme, published in the New South Wales Government Gazette No. 17, 5 March 2015, including as modified by the amendments published in the New South Wales Government Gazette No. 123, 10 November 2017.

1 July 2020

 

3  Regulation 3A (cells at table items 7 and 12, column 2)

Repeal the cells, substitute:

22 October 2019

4  Regulation 3A (table item 13)

Repeal the item, substitute:

 

13

The Western Australian Bar Association Professional Standards Scheme, published in the Western Australian Government Gazette No. 63, 24 April 2020

Note:       This scheme was formerly the Western Australian Bar Association Scheme, published in the Western Australian Government Gazette No. 57, 17 April 2014, including as modified by the extension published in the Western Australian Government Gazette No. 196, 21 December 2018.

1 July 2020

 

5  Regulation 3A (at the end of the table)

Add:

 

20

The Association of Consulting Surveyors National Professional Standards Scheme, published in the New South Wales Government Gazette No. 90, 1 May 2020

1 July 2020

 

Competition and Consumer Regulations 2010

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

Omit “the day the Treasury Laws Amendment (Professional Standards Schemes No. 2) Regulations 2019 commence”, substitute “22 October 2019”.

7  Regulation 8A (cells at table items 5 and 7, column 2)

Repeal the cells, substitute:

22 October 2019

8  Regulation 8A (table items 9 and 10)

Repeal the items, substitute:

 

9

The New South Wales Bar Association Professional Standards Scheme, published in the New South Wales Government Gazette No. 179, 20 December 2019

Note:       This Scheme was formerly the New South Wales Bar Association Scheme, published in the New South Wales Government Gazette No. 17, 5 March 2015, including as modified by the amendments published in the New South Wales Government Gazette No. 123, 10 November 2017.

1 July 2020

 

9  Regulation 8A (cells at table items 15 and 22, column 2)

Repeal the cells, substitute:

22 October 2019

10  Regulation 8A (table item 23)

Repeal the item, substitute:

 

23

The Western Australian Bar Association Professional Standards Scheme, published in the Western Australian Government Gazette No. 63, 24 April 2020

Note:       This Scheme was formerly the Western Australian Bar Association Scheme, published in the Western Australian Government Gazette No. 57, 17 April 2014, including as modified by the extension published in the Western Australian Government Gazette No. 196, 21 December 2018.

1 July 2020

 

11  Regulation 8A (at the end of the table)

Add:

 

35

The Association of Consulting Surveyors National Professional Standards Scheme, published in the New South Wales Government Gazette No. 90, 1 May 2020

1 July 2020

 

Corporations Regulations 2001

12  Regulation 7.10.02 (cells at table items 1 and 2, column 2)

Repeal the cells, substitute:

22 October 2019

13  Regulation 7.10.02 (table item 4)

Repeal the item, substitute:

 

4

The New South Wales Bar Association Professional Standards Scheme, published in the New South Wales Government Gazette No. 179, 20 December 2019

Note:       This scheme was formerly the New South Wales Bar Association Scheme, published in the New South Wales Government Gazette No. 17, 5 March 2015, including as modified by the amendments published in the New South Wales Government Gazette No. 123, 10 November 2017.

1 July 2020

14  Regulation 7.10.02 (cells at table items 7 and 12, column 2)

Repeal the cells, substitute:

22 October 2019

15  Regulation 7.10.02 (table item 13)

Repeal the item, substitute:

 

13

The Western Australian Bar Association Professional Standards Scheme, published in the Western Australian Government Gazette No. 63, 24 April 2020

Note:       This scheme was formerly the Western Australian Bar Association Scheme, published in the Western Australian Government Gazette No. 57, 17 April 2014, including as modified by the extension published in the Western Australian Government Gazette No. 196, 21 December 2018.

1 July 2020

 

16  Regulation 7.10.02 (at the end of the table)

Add:

 

20

The Association of Consulting Surveyors National Professional Standards Scheme, published in the New South Wales Government Gazette No. 90, 1 May 2020

1 July 2020