(1) For section 1444 of the Act, this regulation applies in relation to a financial services licensee who is a regulated principal mentioned in item 1 of the table in section 1430 of the Act, and whose financial services licence covers regulated activities for a regulated principal of this kind, in relation to scrip:
(a) received by the person before the end of the transition period in relation to the person in the capacity of a regulated principal of that kind; and
(b) to which section 873 of the old Corporations Act applied.
(2) Section 873 of the old Corporations Act, and any associated provisions, continue to apply in relation to the regulated principal after the end of the transition period in relation to:
(a) the person in the capacity of a regulated principal of that kind; and
(b) the scrip;
as if the person was still the holder of a dealers licence within the meaning of the old Corporations Act.