Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1546A

Definitions

                   In this Part:

"amending Act" means the Corporations Amendment (Professional Standards of Financial Advisers) Act 2017 .

"commencement" means the start of the day Part 1 of Schedule 1 to the amending Act commences.

"education and training standards" has the meaning given by section 921B.

"existing provider" means:

                     (a)  a person who:

                              (i)  is a relevant provider at any time between 1 January 2016 and 1 January 2019 (except a person who has ceased to be a relevant provider under subsection 1546B(4) or (5)); and

                             (ii)  is not banned, disqualified or suspended under Division 8 of Part 7.6 on 1 January 2019; or

                     (b)  a person who:

                              (i)  at any time between 1 January 2016 and 1 January 2019, provides personal advice in a foreign country to retail clients in relation to relevant financial products; and

                             (ii)  is not prohibited under the law of the foreign country from providing such advice on 1 January 2019.

"foreign country" includes a region, where:

                     (a)  the region is a colony, territory or protectorate of a foreign country; or

                     (b)  the region is part of a foreign country; or

                     (c)  the region is under the protection of a foreign country; or

                     (d)  a foreign country exercises jurisdiction or control over the region; or

                     (e)  a foreign country is responsible for the region's international relations.

"relevant financial products" has the meaning given by section 910A.

"relevant provider" has the meaning given by section 910A.



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