Document ID: chunk:federal_register_of_legislation:C2019A00087:clause:1_3
Version: federal_register_of_legislation:C2019A00087
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 3434–4098

3  Subsection 1529(1)
Repeal the subsection, substitute:
 (1) Subject to subsections (1A) and (2), Subdivision A of Division 5 of Part 7.7A, as inserted by item 24 of Schedule 1 to the amending Act, applies to a benefit given to a financial services licensee, or an RSE licensee, under an arrangement entered into on or after the application day.
 (1A) Subject to subsection (2), Subdivision A of Division 5 of Part 7.7A, as inserted by item 24 of Schedule 1 to the amending Act, applies to a benefit given on or after 1 January 2021 to a financial services licensee, or an RSE licensee, under an arrangement entered into before, on or after the application day.