Document ID: chunk:federal_register_of_legislation:F2024C00882:schedule:2
Version: federal_register_of_legislation:F2024C00882
Segment Type: schedule
Provision Reference: sch 2
Character Range: 480570–481792

Schedule 2—Modifications—carried over instruments
(regulation 25E)

2.1  Subsection 5(1), after definition of carried on in this jurisdiction
insert
carried over instrument has the meaning given by subsection 4(1) of the Transitional Act.

2.2  Subsection 5(1), after definition of prescribed State or Territory order
insert
prescribed unlicensed carried over instrument lender has the meaning given by section 5A.

2.3  Subsection 5(1), after definition of registered company auditor
insert
registered person has the meaning given by subsection 4(1) of the Transitional Act.

2.4  Subsection 5(1), after definition of tribunal
insert
unlicensed carried over instrument lender means a credit provider or lessor who:
 (a) was a credit provider or lessor in relation to a carried over instrument immediately before 1 July 2010; and
 (b) on and after 1 July 2010 has been the credit provider or lessor in relation to the carried over instrument on a continuous basis; and
 (c) is not any of the following persons:
 (i) a licensee;
 (ii) a registered person;
 (iii) a person exempt from the requirement to hold a licence under this Act or to be a registered person under the Transitional Act.

2.5  After section 5
insert