(1) The amendments made by the Corporations Amendment (Litigation Funding) Regulations 2020 apply in relation to litigation funding schemes, insolvency litigation funding schemes and litigation funding arrangements entered into on or after 22 August 2020.
(2) In this regulation:
"insolvency litigation funding scheme" means an insolvency litigation funding scheme mentioned in regulation 5C.11.01 (as in force on 22 August 2020).
"litigation funding arrangement" means a litigation funding arrangement mentioned in regulation 5C.11.01 (as in force on 22 August 2020).
"litigation funding scheme" means a litigation funding scheme mentioned in subregulation 7.1.04N(3) (as in force on 22 August 2020).