Document ID: chunk:federal_register_of_legislation:F2019C00904:reg:13:p1
Version: federal_register_of_legislation:F2019C00904
Segment Type: reg
Provision Reference: reg 13 (pt 1/4)
Character Range: 1252–4234

13  Suspension of compliance scheme framework
Endnotes
Endnote 1—Instrument history
Endnote 2—Amendment history

Part 1—Preliminary

1 Name of legislative instrument
This is the ASIC Corporations (Professional Standards—Transitional) Instrument 2018/894.

2 Commencement
This instrument commences on the day after it is registered on the Federal Register of Legislation.
Note: The register may be accessed at www.legislation.gov.au.

3 Authority
This instrument is made under subsection 926A(2) of the Corporations Act 2001.

4 Definitions
In this instrument:
Act means the Corporations Act 2001.
compliance scheme has the meaning given by section 921G of the Act

Part 2—Declaration

5 Notifying ASIC about provisional relevant providers
    The provisions of Part 10.23A of the Act that relate to Division 9 of Part 7.6 apply in relation to financial services licensees as if Part 10.23A were modified or varied by, after section 1546V, inserting the following section:
            "1546VA Application of requirements relating to notices about provisional relevant providers
                (1) This section has effect despite anything else in this Part or Division 9 of Part 7.6, as inserted by the amending Act.
                (2) A requirement to lodge a notice in relation to a provisional relevant provider applies on and after 15 November 2019.".

6 Notifying ASIC about continuing professional development
    The provisions of Part 10.23A of the Act that relate to Division 9 of Part 7.6 apply in relation to financial services licensees as if Part 10.23A were modified or varied by, after section 1546VA, inserting the following section:
            "1546VB Application of requirements relating to notices about continuing professional development
                (1) This section has effect despite anything else in this Part or Division 9 of Part 7.6, as inserted by the amending Act.
                (2) A requirement to lodge a notice about the education and training standard in subsection 921B(5) in relation to a relevant provider applies on and after 15 November 2019.".

7 Notifying ASIC about the start date of a licensee's CPD year
    The provisions of Part 10.23A of the Act that relate to Division 9 of Part 7.6 apply in relation to financial services licensees as if Part 10.23A were modified or varied by, after section 1546VB, inserting the following section:
            "1546VC Application of requirements relating to notices about financial services licensee's CPD year
                (1) This section has effect despite anything else in this Part or Division 9 of Part 7.6, as inserted by the amending Act.
                (2) A requirement to lodge a notice about the day on which a financial services licensee's CPD year is to begin applies on and after 15 November 2019.".

8 Notifying ASIC about the passing of the exam by existing providers
    The provisions of Part 10.23A of the Act that relate to Division 9 of Part 7.6 apply in relation