Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:301:p1
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 301 (pt 1/30)
Character Range: 1875151–1877967

301     206      Quality Control for Audits of Historical Financial Information
                 Note: This standard was issued in June 2004.

 (2) In this regulation:
financial reporting period, for a company, registered scheme or disclosing entity, means a financial year or a half‑year for which the company, registered scheme or disclosing entity must prepare a financial report.
Note: Under section 292 of the Act, a disclosing entity, public company, large proprietary company or registered scheme must prepare a financial report for each financial year. Under section 302 of the Act, a disclosing entity must prepare a financial report for each half‑year. Section 323D of the Act deals with financial years and half‑years.
 (3) Each standard mentioned in subregulation (1) ceases to have effect in relation to a financial reporting period that ends after 29 June 2007.

Part 10.15—Transitional provisions relating to the Corporations Amendment (Financial Market Supervision) Act 2010

10.15.01  Application of Part 10.15
  For subsection 1513(1) of the Act, this Part deals with matters of a transitional, application or saving nature relating to the amendments and repeals made by Schedule 1 to the Corporations Amendment (Financial Market Supervision) Act 2010 (the amending Schedule).

10.15.02  Amendments not to apply to certain operators of licensed markets
  The amendments made by the amending Schedule do not apply to the following operators of licensed markets:
 (a) BGC Partners (Australia) Pty Limited;
 (b) Bloomberg Tradebook Australia Pty Ltd;
 (c) Mercari Pty Ltd;
 (d) Yieldbroker Pty Limited.
Note: The requirement in subsection 798H(1) of the Act for an operator of a licensed market to comply with the market integrity rules was introduced by one of the amendments made by the amending Schedule.

10.15.03  Transfer of documents
 (1) This regulation applies if:
 (a) an operator of a licensed market, a related body corporate of the operator, or an employee of the operator, gives information in confidence to ASIC; and
 (b) the information relates to the operation of Part 7.2 of the Act; and
 (c) the information was requested by, or given to, ASIC to help ASIC exercise its powers or perform its functions under Part 7.2A of the Act.
 (2) The information does not cease to be the subject of legal professional privilege solely because the information has been given to ASIC.
 (3) The operator or employee:
 (a) has qualified privilege in respect of the giving of the information to ASIC; and
 (b) is not liable to any person in relation to the giving of the information to ASIC.
 (4) The giving of the information to ASIC is not to be taken to be:
 (a) a contravention of a law, including a law relating to privacy or confidentiality; or
 (b) a breach of contract or duty to a person.