Document ID: chunk:federal_register_of_legislation:C2004A00616:section:2
Version: federal_register_of_legislation:C2004A00616
Segment Type: section
Provision Reference: s 2
Character Range: 2601–4844

2  Commencement

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

 (2) Items 1 and 2 of Schedule 1 are taken to have commenced immediately after the commencement of the Australian Prudential Regulation Authority Act 1998.

 (3) Items 1 and 3 of Schedule 4 are taken to have commenced on 1 July 1998, immediately after the commencement of items 51 and 58 of Schedule 1 to the Financial Sector Reform (Consequential Amendments) Act 1998.

 (4) Items 2, 4, 5, 6, 8, 9, 10 and 11 of Schedule 4 are taken to have commenced on 22 December 1998.

 (5) Items 2 and 4 of Schedule 5 are taken to have commenced on 30 June 1997, immediately after the commencement of section 2 of the Financial Laws Amendment Act 1997.

 (6) Item 1 of Schedule 6 commences, or is taken to have commenced, immediately after the commencement of item 11 of Schedule 4 to the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999.

 (7) Subject to subsection (8), the items of Schedule 10, other than items 1, 2, 4, 6, 7, 9 and 10, commence on a day to be fixed by Proclamation.

 (8) If the items covered by subsection (7) do not commence under that subsection within the period of 6 months beginning on the day on which this Act receives the Royal Assent, they commence on the first day after the end of that period.

 (9) Items 1, 2 and 3 of Schedule 11 are taken to have commenced immediately after the Financial Sector Reform (Amendments and Transitional Provisions) Act 1998 received the Royal Assent.

 (10) Item 4 of Schedule 11 is taken to have commenced immediately after the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 received the Royal Assent.

 (11) Item 5 of Schedule 11 commences at the same time as item 5 of Schedule 10.

 (12) Part 1 of Schedule 12 commences:
 (a) after all of the Acts listed in subsection (13) have received the Royal Assent; and
 (b) on the day that is the last day on which any of those Acts received the Royal Assent.

 (13) These are the relevant Acts for the purposes of paragraph (12)(a):
 (a) this Act;
 (b) each of the Acts referred to in the definition of Validation Act in item 1 of Schedule 12 to this Act.