Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:2_1705c
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 2 cl 1705C
Character Range: 315586–316141

1705C  Transitional—Australian CS facility licences in force before the commencement time for operating overseas clearing and settlement facilities
 (1) This section applies to an Australian CS facility licence:
 (a) granted under subsection 824B(2) as in force before the commencement time; and
 (b) in force immediately before the commencement time.
 (2) The licence continues in force (and may be dealt with) at and after the commencement time as if the licence had been granted under subsection 824B(2) as amended by Part 1 of the amending Schedule.