Document ID: chunk:federal_register_of_legislation:C2019A00087:clause:1_7
Version: federal_register_of_legislation:C2019A00087
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 4654–5218

7  Subsection 1531(2)
Repeal the subsection, substitute:
 (1A) Subdivision B of Division 5 of Part 7.7A, as inserted by item 24 of Schedule 1 to the amending Act, applies to asset‑based fees charged on or after 1 January 2021 on borrowed amounts, where those amounts have been used, are used or are to be used, to any extent, to acquire financial products before, on or after the application day.
 (2) Section 1350 does not apply in relation to the operation of that Subdivision in respect of an asset‑based fee.

Part 2—Rebate of benefits

Corporations Act 2001