Document ID: chunk:federal_register_of_legislation:F2024C00952:clause:2_108
Version: federal_register_of_legislation:F2024C00952
Segment Type: clause
Provision Reference: sch 2 cl 108
Character Range: 315490–317167

108  Amendments made by the Transport Security Legislation Amendment (ASIC and MSIC Measures) Regulations 2018
 (1) Despite the amendments of these Regulations by Schedule 2 to the amending regulations, an MSIC that was:
 (a) issued under the old regulations; and
 (b) in force immediately before the commencement time;
continues to be valid and in force (and subject to the same conditions) on and after the commencement time until the end of the period for which it was issued under the old regulations, unless it is suspended or cancelled in accordance with these Regulations before the end of that period.
 (2) Despite the amendments of regulation 6.08J of these Regulations by Schedule 2 to the amending regulations, regulation 6.08J of these Regulations has effect for an issuing body during the body's transition period as if it required an MSIC to be, and authorised the body to issue an MSIC, in the form set out in regulation 6.08J of the old regulations.
 (3) In this clause:
amending regulations means the Transport Security Legislation Amendment (ASIC and MSIC Measures) Regulations 2018.
commencement time means the time when this clause commences.
old regulations means these Regulations as in force immediately before the commencement time.
transition period, for an issuing body, means the period starting at the commencement time and ending at the earlier of the following times:
 (a) at the end of 3 months starting at the commencement time;
 (b) at the time the Secretary first gives the issuing body an approved form under regulation 6.08JA.

Part 8—Amendments made by the Transport Security Legislation Amendment (2019 Measures No. 1) Regulations 2019