Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:301:p14
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 301 (pt 14/30)
Character Range: 1910916–1913678

apply in relation to conduct occurring wholly on or after the commencement of Part 3 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024.

10.52.04  Application—repeal of benefits for employees of ADIs
 (1) The repeal of regulation 7.7A.12H by Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 applies to a benefit given to a provider, under an arrangement, if:
 (a) the arrangement was entered into on or after the day (the deferred start day) that is 6 months after the commencement of Part 4 of Schedule 1 to the Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024; or
 (b) all of the following apply:
 (i) the arrangement was varied on or after the deferred start day;
 (ii) the variation related to the giving of benefits under the arrangement;
 (iii) the benefit is given on or after the deferred start day.
 (2) The repeal of that regulation also applies to a benefit given to a provider, otherwise than under an arrangement, on or after the deferred start day.

Chapter 12—Financial sector reform

Part 12.1—Preliminary

12.1.01  Definitions for Chapter 12
  In this Chapter:
AFIC means the Australian Financial Institutions Commission.
APRA transitional prudential standard has the meaning given by regulation 11 of the Financial Sector Reform (Amendments and Transitional Provisions) Regulations 1999.
Financial Institutions Code of a State or Territory has the meaning given by clause 1 of Schedule 4 to the Act.
Financial Sector Reform Act means the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999.
Friendly Societies Code of a State or Territory has the meaning given by clause 1 of Schedule 4 to the Act.
member share has the meaning given by regulation 12.8.03.
previous governing Code has the meaning given by clause 1 of Schedule 4 to the Act.
replaced legislation has the meaning given by subitem 22(7) of Schedule 8 to the Financial Sector Reform Act.
SSA (State Supervisory Authority) has the meaning given by clause 1 of Schedule 4 to the Act.
transfer date means the date that is the transfer date for the purposes of the Financial Sector Reform Act.
transferring financial institution of a State or Territory has the meaning given by clause 1 of Schedule 4 to the Act.
transition period means the period of 18 months starting on the transfer date.
Note: See the definition of Corporations Regulations in section 40A of the Acts Interpretation Act 1901.

12.1.02  Application of this Chapter to previous governing Codes etc
  A reference in this Chapter to:
 (a) a previous governing Code; or
 (b) a provision of a previous governing Code; or
 (c)