Document ID: chunk:federal_register_of_legislation:F2024L01152:clause:1_72
Version: federal_register_of_legislation:F2024L01152
Segment Type: clause
Provision Reference: sch 1 cl 72
Character Range: 18116–19160

72  In the appropriate position in Part 10.52
Insert:

10.52.04  Application—repeal of benefits for employees of ADIs
 (1) The repeal of regulation 7.7A.12H by Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 applies to a benefit given to a provider, under an arrangement, if:
 (a) the arrangement was entered into on or after the day (the deferred start day) that is 6 months after the commencement of Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024; or
 (b) all of the following apply:
 (i) the arrangement was varied on or after the deferred start day;
 (ii) the variation related to the giving of benefits under the arrangement;
 (iii) the benefit is given on or after the deferred start day.
 (2) The repeal of that regulation also applies to a benefit given to a provider, otherwise than under an arrangement, on or after the deferred start day.

Part 5—Insurance commissions

Corporations Regulations 2001