Document ID: chunk:federal_register_of_legislation:C2006C00145:section:2:p1
Version: federal_register_of_legislation:C2006C00145
Segment Type: section
Provision Reference: s 2 (pt 1/2)
Character Range: 12358–15072

2  Commencement

 (1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.

 (2) The following provisions of this Act commence on the commencement of the Australian Prudential Regulation Authority Act 1998:
 (a) Schedule 1;
 (b) Schedule 2, other than item 86;
 (c) Schedule 3;
 (d) Schedule 4;
 (e) Schedule 7;
 (f) Schedule 8;
 (g) Schedule 9, subject to subsections (9) and (10);
 (h) Parts 1 to 3 of Schedule 10;
 (i) Schedule 11;
 (j) Schedule 12, subject to subsection (12);
 (k) Parts 1 to 6 of Schedule 13;
 (l) Schedule 14;
 (m) Schedule 15;
 (n) Parts 1 to 6 of Schedule 16;
 (o) Schedule 17;
 (p) Schedule 18, other than the items amending the Australian Prudential Regulation Authority Act 1998.

 (3) Subject to subsection (4), item 86 of Schedule 2 commences on a day to be fixed by Proclamation.

 (4) If item 86 of Schedule 2 does not commence under subsection (3) within the period of 24 months beginning on the day on which this Act receives the Royal Assent, it commences on the first day after the end of that period.

 (6) Parts 1 to 4 of Schedule 5 commence:
 (a) on the commencement of the Australian Prudential Regulation Authority Act 1998 if item 32 of Schedule 3 to the Company Law Review Act 1998 commences before the commencement of the Australian Prudential Regulation Authority Act 1998; or
 (b) immediately after the commencement of item 32 of Schedule 3 to the Company Law Review Act 1998 if that item does not commence before the commencement of the Australian Prudential Regulation Authority Act 1998.

 (7) Part 5 of Schedule 5 commences:
 (a) on the commencement of the Australian Prudential Regulation Authority Act 1998 if Schedule 5 to the Company Law Review Act 1998 commences before the commencement of the Australian Prudential Regulation Authority Act 1998; or
 (b) immediately after the commencement of Schedule 5 to the Company Law Review Act 1998 if that Schedule does not commence before the commencement of the Australian Prudential Regulation Authority Act 1998.

 (8) Schedule 6 commences:
 (a) on the commencement of the Australian Prudential Regulation Authority Act 1998 if the Managed Investments Act 1998 commences before the commencement of the Australian Prudential Regulation Authority Act 1998; or
 (b) immediately after the commencement of the Managed Investments Act 1998 if that Act does not commence before the commencement of the Australian Prudential Regulation Authority Act 1998.

 (9) If item 5 of Schedule 2 to the Insurance Laws Amendment Act 1998 commences on or before the commencement of the Australian Prudential Regulation Authority Act 1998, items 76, 128 and 143 to 149 of Schedule 9 to this Act