Commonwealth Numbered Regulations

CORPORATIONS AMENDMENT REGULATION 2013 (NO. 2) (SLI NO 83 OF 2013) - SCHEDULE 1

Corporations Regulations 2001

1  After Division 4 of Part 7.7A

Insert:

Division 6 -- Exemptions 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.