Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:201:p25
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 201 (pt 25/26)
Character Range: 1668304–1671079

the relevant provisions of the amended Corporations Act applied to the conduct or activities.
regulator means any of the following bodies:
 (a) ASIC;
 (b) a body that had any of the functions of ASIC before ASIC was created;
 (c) APRA;
 (d) a body that had any of the functions of APRA before APRA was created;
 (e) the Australian Competition and Consumer Commission;
 (f) a body that had any of the functions of the Australian Competition and Consumer Commission before the Australian Competition and Consumer Commission was created.

10.2.35A  Streamlined licensing procedure for certain regulated principals
  For subparagraph 1433(1)(b)(i) of the Act, each of the following is a regulated principal to whom section 1433 of the Act applies:
 (a) a regulated principal mentioned in item 14 of the table in subregulation 10.2.38(2);
 (b) a regulated principal mentioned in item 15 of the table in subregulation 10.2.38(2).

10.2.36  Persons who are not covered by section 1433 of the Act
  For subsection 1433(3) of the Act, a person who is a member of a class of persons identified in an item in Schedule 11 is not covered by section 1433 of the Act:
 (a) if a period is mentioned in the item—during that period; or
 (b) if there is no period mentioned in the item—while the person remains a member of that class of persons.

10.2.37  Variation of conditions on financial services licence
 (1) If:
 (a) a person lodges an application for a financial services licence; and
 (b) subsection 1433(2) of the Act applies in relation to the application;
the person may, at any time before ASIC grants or refuses to grant the financial services licence, lodge with ASIC in the prescribed form an application under paragraph 914A(2)(b) of the Act to vary the conditions on the financial services licence so that the financial services, or class of financial services, that the financial services licence will authorise the person to provide is increased (despite the fact that the financial services licence has not yet been granted).
 (2) If:
 (a) a person lodges an application for a financial services licence; and
 (b) subsection 1433(2) of the Act applies in relation to the application; and
 (c) the person has also lodged with ASIC the application under paragraph 914A(2)(b) of the Act mentioned in subregulation (1); and
 (d) ASIC proposes to grant the financial services licence and vary the conditions in accordance with the applications;
ASIC may, instead of issuing the licence and subsequently varying the conditions on the licence, grant the financial services licence subject to conditions that include the conditions that would otherwise be mentioned in the variation.
 (3) If ASIC acts under subregulation (2), ASIC is not required to notify the licensee separately