Document ID: chunk:federal_register_of_legislation:C2010C00544:clause:1_130
Version: federal_register_of_legislation:C2010C00544
Segment Type: clause
Provision Reference: sch 1 cl 130
Character Range: 61492–62010

130  Subsection 252(2)
Repeal the subsection, substitute:

 (2) APRA must not make rules under this section on or after the day on which Part 1 of Schedule 1 to the Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 commences (the cut‑off day).

 (3) A rule made under this section that is in force immediately before the cut‑off day continues in force until revoked by APRA.

 (4) APRA may, on or after the cut‑off day, vary or revoke a rule continued in force under subsection (3).