Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.2.73B

Freezing accounts

             (1)  For section 1444 of the Act, this regulation applies if a person :

                     (a)  holds or held a licence under Chapter 7 or 8 of the old Corporations Act in relation to an activity; and

                     (b)  the licence is revoked or suspended at any time before or after the FSR commencement.

             (2)  Subsection 983A(3) of the Act applies to the person as if the person were a person who holds, or has at any time held, an Australian financial services licence that has been revoked or suspended.



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