Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:15:p34
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 15 (pt 34/73)
Character Range: 1772824–1775491

(i) to amend the register; and
 (ii) to include new information in the register; and
 (c) this regulation does not impose any obligation on the person to exercise any of the powers or perform any of the functions.
 (3) The person must maintain the register for the same period of time, and in the same manner, that would have been required if the relevant old legislation had continued in force.

10.2.97  Registers created after FSR commencement
 (1) This regulation applies to a register that:
 (a) ASIC is required to create after the FSR commencement under paragraph 922A(2)(b) or (c) of the Act; and
 (b) relates to a matter for which:
 (i) ASIC had responsibility before the FSR commencement (including a matter that was described in a different way before the FSR commencement); and
 (ii) a register (an old register) was in existence under the relevant old law before the FSR commencement.
 (2) ASIC must include in the new register as much of the information in the old register as ASIC considers appropriate.

10.2.98  Registers, documents and things kept before FSR commencement
 (1) For section 1444 of the Act, this regulation applies if:
 (a) a person was required, under a provision of the relevant old legislation, to keep a register, document or other thing for a specified period; and
 (b) the period had not ended before the FSR commencement.
 (2) On and after the FSR commencement, the provision and the period are taken to continue in force to the extent necessary to require the person to keep the register, document or thing for the specified period.

10.2.98A  Licenses, registration, etc in force before FSR commencement
 (1) For section 1444 of the Act, this regulation applies if:
 (a) a person held a licence (the old licence) under the old Corporations Act immediately before the FSR commencement in relation to an activity; and
 (b) the person holds a financial services licence that applies to the same activity; and
 (c) ASIC identifies a matter that occurred, before the person held a financial services licence in relation to the activity, in relation to which ASIC would have had the power under the old Corporations Act:
 (i) to suspend or cancel the old licence; or
 (ii) to impose conditions on the old licence; or
 (iii) to vary or revoke a condition to which the old licence was subject.
 (2) On and after the FSR commencement, ASIC's power under the Act to suspend or cancel the financial services licence mentioned in paragraph (1)(b) is taken to include the power to suspend or cancel the financial services licence:
 (a) in order to achieve an outcome that ASIC could have achieved by the exercise of the power mentioned in