Document ID: chunk:federal_register_of_legislation:F2024L01605:reg:100
Version: federal_register_of_legislation:F2024L01605
Segment Type: reg
Provision Reference: reg 100
Character Range: 134163–136030

100  Transitional arrangements relating to specific purpose funds that are marketing or other cooperative funds—deemed compliance
 (1) This section applies during the period beginning on 1 April 2025 and ending at the end of 31 October 2025 in relation to a specific purpose fund that is a marketing fund or other cooperative fund controlled or administered by or for the franchisor or a master franchisor (whether the franchisee is a franchisee or subfranchisee of the franchisor or master franchisor).

Financial statements

 (2) The fund administrator is taken to have complied with subsection 31(2) of this instrument in relation to the fund if the fund administrator complies with subclauses 15(2) and (4) of Schedule 1 to the old regulations in relation to the fund.

Payments to and from funds
 (3) A franchisor or master franchisor is taken to have complied with subsection 61(2) of this instrument in relation to the fund if the franchisor or master franchisor complies with subclause 31(3) of Schedule 1 to the old regulations in relation to the fund.
 (4) The fund administrator is taken to have complied with subsection 61(3) of this instrument in relation to the fund if the fund administrator complies with subclause 31(2) of Schedule 1 to the old regulations in relation to the fund.
 (5) The fund administrator is taken to have complied with subsection 61(4) of this instrument in relation to the fund if the fund administrator complies with subclause 31(4) of Schedule 1 to the old regulations in relation to the fund.

Disclosure documents
 (6) For the purposes of subsections 20(1) and (3) of this instrument, a disclosure document is taken to comply with item 15 of Schedule 1 to this instrument in relation to the fund if the disclosure document complies with item 15 of Annexure 1 to Schedule 1 to the old regulations in relation to the fund.