Federal Register of Legislation - Australian Government

Primary content

Determinations/Other as made
This instrument amends the Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018 to modify the current requirements for continuing professional development (CPD) that relevant providers (financial planners and financial advisers) must undertake to meet the fourth of the education and training standards under section 921B of the Corporations Act 2001 (see subsection 921B(5) of the Act).
Administered by: Treasury
Registered 15 Jul 2020
Tabling HistoryDate
Tabled HR24-Aug-2020
Tabled Senate24-Aug-2020
To be repealed 01 Dec 2020
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

 

Corporations (Relevant Providers Continuing Professional Development Standard) Determination (Amendment) 2020

Financial Adviser Standards and Ethics Authority Ltd, the standards body for Part 7.6 of the Corporations Act 2001, makes the following determination.

Dated               14 JULY 2020




The common seal of Financial Adviser Standards and Ethics Authority Ltd, affixed by authority of its directors in the presence of:

 

 

 

C WALTER

..........................................................

Signature of director

 

 

CATHERINE WALTER AM

..........................................................

Name of director (block letters)

)

)

)

)

 

 

 

 

 

 

 

[SEALED]

 

 

 

 

S LONGSTAFF

..........................................................

Signature of director

 

DR SIMON LONGSTAFF AO

..........................................................

Name of director (block letters)

 

 

 

  

  


Contents

1  Name. 1

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

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

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

Schedule 1—Amendments                                                                                           2

Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018                2

 

 


1  Name

                   This instrument is the Corporations (Relevant Providers Continuing Professional Development Standard) Determination (Amendment) 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.  All provisions

The day after this instrument is registered.

 

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 subparagraph 921U(2)(a)(iv) of the Act.

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

 

Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018

1  At the end of section 9

Insert:

                   CPD years including 18 March 2020

             (7)  If a CPD year of a financial services licensee includes 18 March 2020, then:

                     (a)  the relevant provider may count, towards meeting the requirements for continuing professional development of the relevant provider for the CPD year, any qualifying CPD activities completed by the relevant provider during the period of 3 months after the end of the CPD year (additional activities); and

                     (b)  the relevant provider may not count additional activities that have been counted in terms of paragraph (a) towards meeting the requirements for continuing professional development of the relevant provider for any other CPD year.

Note:          18 March 2020 is the date of commencement of the Biosecurity (Human Biosecurity Emergency) (Human Coronavirus with Pandemic Potential) Declaration 2020.