The amendments made by items 2 and 3 of Part 1 of Schedule 1 to the Corporations Amendment (Litigation Funding) Regulations 2021 apply in relation to:
(a) an Australian financial services licence granted before, on or after the commencement of that Part; and
(b) a litigation funding scheme mentioned in subregulation 7.1.04N(3) entered on or after that commencement; and
(c) a litigation funding scheme mentioned in subregulation 7.1.04N(3) entered before that commencement, but only in relation to so much of the duration of the scheme that occurs on or after that commencement.