(1) For section 1444 of the Act, this regulation applies in relation to a person if:
(a) the person is an insurance multi-agent within the meaning of section 1434 of the Act; and
(b) the person holds an Australian financial services licence granted in accordance with the procedures mentioned in that section; and
(c) the person applies, at the end of the transition period in relation to the person, under section 913A of the Act, for an Australian financial services licence; and
(d) section 1434 of the Act does not apply in relation to the application for an Australian financial services licence; and
(e) ASIC proposes to consider only the matters mentioned in paragraphs 912A(1)(e) and (f) of the Act rather than all of the matters mentioned in subsection 912A(1) of the Act.
(2) Paragraph 913B(1)(b) of the Act applies to the consideration of the application as if the reference to obligations that will apply under section 912A of the Act were a reference to the obligations that will apply under paragraphs 912A(1)(e) and (f) of the Act.