Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:15:p1
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 15 (pt 1/73)
Character Range: 1691415–1694678

15                                             A person described in column 2 of items 1 to 5 of the table in subsection 1430(1) of the Act, who carries on other activities:                                                                                                                                                                                                                                                                                                   The class of activities lawfully carried on by the person immediately before the FSR commencement that were not authorised by the pre‑FSR licence or registration but would (apart from Subdivision D of Division 1 of Part 10.2 of the Act) be required by the amended Corporations Act to be covered by an Australian financial services licence  There is no relevant old legislation
                                               (a) that are not regulated activities for the purpose of items 1 to 5 of the table; and
                                               (b) that, if carried on after the FSR commencement, would (apart from Subdivision D of Division 1 of Part 10.2 of the Act) be required by the amended Corporations Act to be covered by an Australian financial services licence

10.2.39  Reference to offer covered by Australian financial services licence: section 911A of the Act
 (1) For section 1444 of the Act, this regulation applies in relation to:
 (a) a regulated principal; and
 (b) a representative of a regulated principal within the meaning of subsection 1436(1) of the Act.
 (2) A reference in paragraph 911A(2)(b) of the Act to a financial services licensee includes a regulated principal.
 (3) A reference in paragraph 911A(2)(b) of the Act to an authorised representative includes a representative of a regulated principal.
 (4) A reference in paragraph 911A(2)(b) of the Act to an offer covered by a financial services licensee's Australian financial services licence includes an offer within the regulated activities of the regulated principal.
 (5) Subregulations (2), (3) and (4) cease to apply in relation to the regulated principal and the representative at the end of the transition period in relation to the regulated principal.

10.2.40  Reference to financial services licensee: section 911A of the Act
 (1) This regulation applies in relation to the following provisions of the Act:
 (a) subparagraph 911A(2)(f)(viii);
 (b) subparagraph 911A(2)(f)(ix);
 (c) paragraph 911A(3)(a);
 (d) paragraph 911A(3)(c).
 (2) A reference in those provisions to a financial services licensee includes a regulated principal.
 (3) Subregulation (2) ceases to apply in relation to a regulated principal at the end of the transition period in relation to the regulated principal.

10.2.40A  Need for an Australian financial services licence
 (1) For section 1444 of the Act, paragraphs 911A(2)(ea), (eb) and (ec) of the Act do not apply in relation to a regulated principal and its regulated activities.
 (2) For section 1444 of the Act, subparagraphs 7.6.01(1)(e)(iii) and (iv) and subparagraph 7.6.01(1)(o)(iv) do not apply in relation to a regulated principal and its regulated activities.
 (4) This regulation ceases to apply in relation to a regulated principal and its regulated