Document ID: chunk:federal_register_of_legislation:C2005C00499:section:2:p1
Version: federal_register_of_legislation:C2005C00499
Segment Type: section
Provision Reference: s 2 (pt 1/4)
Character Range: 2450–5089

2  Commencement

 (1) In this section:

FSR commencement means the commencement of item 1 of Schedule 1 to the Financial Services Reform Act 2001.

 (2) Subject to this section, this Act commences on the day on which it receives the Royal Assent.

 (3) Items 223 and 224 of Schedule 1 commence on the day on which this Act receives the Royal Assent.

 (4) Items 219 to 222 of Schedule 1 are taken to have commenced immediately after the commencement of the Corporations Act 2001. However, a person does not commit an offence if the person would not have committed the offence had those items commenced on the day on which this Act receives the Royal Assent (rather than commencing on the commencement of the Corporations Act 2001).

 (5) Items 227 and 231 of Schedule 1 commence at the end of the period of 2 years starting on the FSR commencement.

 (6) Subject to subsections (7) to (17), the other items of Schedule 1 commence on the FSR commencement.

 (7) Subject to subsection (17), the commencement of items 2 to 5 of Schedule 1 is as follows:
 (a) if item 325 of Schedule 1 to the Administrative Review Tribunal (Consequential and Transitional Provisions) Act 2001 does not commence before the FSR commencement—items 2 to 5 of Schedule 1 to this Act commence on the later of:
 (i) the FSR commencement; and
 (ii) the day on which the Administrative Review Tribunal (Consequential and Transitional Provisions) Act 2001 receives the Royal Assent;
 (b) if item 325 of Schedule 1 to the Administrative Review Tribunal (Consequential and Transitional Provisions) Act 2001 does commence before the FSR commencement—items 2 to 5 of Schedule 1 to this Act do not ever commence.

 (8) Subject to subsection (17), items 250 to 256 of Schedule 1 commence on the later of:
 (a) the FSR commencement; and
 (b) the commencement of Part 1 of the Interactive Gambling Act 2001.

 (9) If item 33 of Schedule 1 to the Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 2001 commences before the FSR commencement, item 268 of Schedule 1 to this Act does not ever commence.

 (9A) If Parts 5 and 6 of Schedule 2 to the Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001 do not commence before the FSR commencement, items 276 to 278, and 290 to 325C, of Schedule 1 to this Act do not ever commence.

 (10) If item 171 of Schedule 1 to the Treasury Legislation Amendment (Application of Criminal Code) Act (No. 1) 2001 commences before the FSR commencement, item 286 of Schedule 1 to this Act does not ever commence.

 (11) If item 55 of Schedule 1 to the Superannuation Legislation Amendment