Document ID: chunk:federal_register_of_legislation:C2023A00101:clause:1_1699d
Version: federal_register_of_legislation:C2023A00101
Segment Type: clause
Provision Reference: sch 1 cl 1699D
Character Range: 15803–17302

1699D  Transitional—registration suspension orders
 (1) This section applies to a registration suspension order that:
 (a) was in force immediately before the commencement of the amending Part in relation to a registration under subsection 921ZC(1) of a relevant provider; and
 (b) specified a suspension period ending after that commencement.
 (2) The registration suspension order continues in force (and may be dealt with) on and after that commencement as if it were an instrument of a kind that:
 (a) is specified in paragraph 921L(1)(b) as substituted by the amending Part; and
 (b) suspends that registration for the remainder of the suspension period.
 (3) After the suspension period, that registration continues in force (and may be dealt with) as follows:
 (a) if the application to register the relevant provider was made in accordance with section 921ZA—as if that registration had been under subsection 921ZC(1) as substituted by the amending Part;
 (b) if the application to register the relevant provider was made by a financial services licensee in accordance with section 921ZB—as if that registration had been under subsection 921ZC(1A) as substituted by the amending Part in relation to the financial services licensee.
Note: The provider's registration will not already have been continued under section 1699A because that registration was suspended immediately before the commencement of the amending Part and therefore was not in force at that time (see subsection 921L(3)).