Document ID: chunk:federal_register_of_legislation:F2019C00904:reg:13:p2
Version: federal_register_of_legislation:F2019C00904
Segment Type: reg
Provision Reference: reg 13 (pt 2/4)
Character Range: 4014–6900

to begin applies on and after 15 November 2019.".

8 Notifying ASIC about the passing of the exam by existing providers
    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, after section 1546VC, inserting the following section:
            "1546VD Application of requirements relating to notices about the passing of the exam by existing providers
                (1) This section has effect despite anything else in this Part or Division 9 of Part 7.6, as inserted by the amending Act.
                (2) A requirement to lodge a notice about the education and training standard in subsection 921B(3) in relation to an existing provider applies on and after 15 November 2019.".

9 Notifying ASIC about principal place of business and compliance scheme
    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 as follows:
(a) after subsection 1546G(5) insert the following subsection:
            "(6) Paragraphs 922E(1)(i) and 922F(1)(n), as inserted by the amending Act, apply on and after 15 November 2019 in relation to notices lodged under section 922H between 15 November 2019 and 31 December 2019 as if section 922H required a notice lodged under that section to include the information specified in those paragraphs.";
(b) in section 1546K (excluding the note):
           (i) before "Paragraphs" insert "(1)";
           (ii) at the end of the section insert the following subsection:
              "(2) Paragraphs 922E(1)(b) and 922F(1)(b), as inserted by the amending Act, apply on and after 15 November 2019 in relation to notices lodged under section 922H between 15 November 2019 and 31 December 2019 as if section 922H required a notice lodged under that section to include the information specified in those paragraphs.";
(c) omit subsection 1546T(1), substitute:
              "(1) Paragraphs 922Q(2)(b) and (v), as inserted by the amending Act, apply on and after 15 November 2019.
              (1A) Paragraph 922Q(2)(r), as inserted by the amending Act, applies on and after 1 January 2020.";
(d) at the end of section 1546W insert the following subsection:
               "(5) A notice is not required to be lodged under this section if a notice was lodged under section 922H between 15 November 2019 and 31 December 2019 which includes the information required by subsections 1546G(6) and 1546K(2).".

10 Application of professional standards to banned or prohibited advisers
    The provisions of Part 10.23A of the Act that relate to Division 8A of Part 7.6 apply in relation to financial services licensees as if Part 10.23A were modified or varied as follows:
(a) in section 1546A, in the the definition of existing