Document ID: chunk:federal_register_of_legislation:F2019C00904:reg:13:p4
Version: federal_register_of_legislation:F2019C00904
Segment Type: reg
Provision Reference: reg 13 (pt 4/4)
Character Range: 9301–11277

relevant provider.
            (3B) Section 921C, as inserted by the amending Act and so far as the section relates to the education and training standard in subection 921B(2), also applies, on and after 1 January 2024, in relation to a person who was an existing provider but, at any time between 1 January 2016 and 31 December 2023, has ceased to be a relevant provider.
            (3C) Section 921C, as inserted by the amending Act, also applies, on and after 1 January 2019, in relation to a person who was a relevant provider at any time before 1 January 2016 but is not a relevant provider at any time between 1 January 2016 and 1 January 2019.";
(d) in section 1546D (excluding the note):
           (i) before "Section" insert "(1)";
           (ii) at the end of the section insert the following subsection:
              "(2) Section 921F, as inserted by the amending Act, also applies in relation to any authorisation given on or after 1 January 2019 to a person who is not a relevant provider at any time between 1 January 2016 and 1 January 2019 (irrespective of whether the person was a relevant provider before 1 January 2016).".

12 Notifying ASIC of certain information after banning or prohibition
    The provisions of Part 10.23A of the Act that relate to Division 9 of Part 7.6 apply in relation to financial services licensees as if Part 10.23A were modified or varied by omitting paragraph 1546Z(1)(a) and substituting:
           "(a) on 1 January 2019 a person was:
              (i) banned or disqualified under Division 8 of Part 7.6; or
              (ii) subject to an enforceable undertaking under section 93AA of the ASIC Act, under which the person undertook to not provide financial product advice or financial services generally; or
              (iii) prohibited under the law of a foreign country from providing personal advice in the foreign country to retail clients in relation to relevant financial products; and".

Part 3—Exemption