Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1690

Application of paragraph 912D(3)(e)

             (1)  Paragraph 912D(3)(e), as inserted by the amending Part, applies in relation to a reportable situation that arises on or after 1 October 2021 and relates to a breach of an obligation referred to in that paragraph.

             (2)  If:

                     (a)  due to subsection (1), a financial services licensee is required, under a provision of Division 3 of Part 7.6, to do a thing in relation to a reportable situation that arose before the commencement day; and

                     (b)  that thing must be done within a period of a specified number of days after the licensee first knows about, or is reckless with respect to, particular matters; and

                     (c)  that period began before the commencement day;

then that requirement is taken to be a requirement to do the thing within the specified number of days after the commencement day.



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