Document ID: chunk:federal_register_of_legislation:C2023A00076:clause:3_26
Version: federal_register_of_legislation:C2023A00076
Segment Type: clause
Provision Reference: sch 3 cl 26
Character Range: 241568–242195

26  Section 9
Insert:
proposed licensed trustee company means a company:
 (a) that is a trustee company, or a corporation to which paragraph 51(xx) of the Constitution applies that proposes to become a trustee company; and
 (b) that proposes to apply for an Australian financial services licence covering the provision of one or more traditional trustee company services.
unacceptable control situation:
 (a) in relation to a licensed trustee company or a proposed licensed trustee company—has the meaning given by section 601VAA; and
 (b) in relation to a widely held market body—has the meaning given by subsection 850B(1).