Document ID: chunk:federal_register_of_legislation:F2024C01031:front:0:p1
Version: federal_register_of_legislation:F2024C01031
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Corporations (FinTech Sandbox Australian Financial Services Licence Exemption) Regulations 2020
made under the

Corporations Act 2001

Compilation No. 2

Compilation date: 26 October 2024

                Includes amendments: F2024L01357

About this compilation

This compilation

This is a compilation of the Corporations (FinTech Sandbox Australian Financial Services Licence Exemption) Regulations 2020 that shows the text of the law as amended and in force on 26 October 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Name
3 Authority
4 Simplified outline of this instrument
5 Definitions
Part 2—Exemption from financial services licensing requirements for testing in the FinTech sandbox
6 Exemption for testing eligible financial services in the FinTech sandbox
7 Duration of the exemption
8 Grounds for ASIC deciding that the exemption is not available
Part 3—When exemption ceases before the end of the testing period
Division 1—When exemption ceases automatically
9 Not meeting certain limits will cause the exemption to cease automatically
10 Exempt financial services that can be provided to wholesale clients
11 Exempt financial services that can be provided to retail clients
12 Exposure limits for exempt financial services—total limit for products for each retail client
13 Exposure limits for exempt financial services—total limit for all services etc.
Division 2—Other ways exemption can cease
14 Exemption ceases because of ASIC decision
15 Exemption ceases if provider notifies ASIC
Part 4—Requirements for the exemption to