Document ID: chunk:federal_register_of_legislation:F2021C01047:body:0:p11
Version: federal_register_of_legislation:F2021C01047
Segment Type: other
Provision Reference: 
Character Range: 25283–27759

6 months of the transition time.
(3) A lead regulator approved under this instrument must, in registering an existing exempt scheme for the purposes of paragraph (2)(g), take into account the operation of paragraphs (2)(a) to (f) in relation to the scheme.
(4) In this section:
existing exempt scheme means an existing scheme in relation to which the existing manager and existing promoter were entitled to rely on the exemption in the repealed instrument immediately before the transition time and which was registered with an existing lead regulator at that time.
       existing scheme means a scheme of the kind described in Schedule B to the repealed instrument.
       existing lead regulator means a lead regulator (within the meaning of the repealed instrument) that was a lead regulator of an existing scheme immediately before the transition time.
       existing manager means a manager of an existing scheme.
       existing promoter means a promoter (within the meaning of Schedule A to the repealed instrument) of an existing scheme.
       repealed instrument means ASIC Class Order [CO 02/319] as applying on 31 December 2016 because of the operation of subsection (1).
       transition time means the time ASIC Class Order [CO 02/319] ceases to apply in accordance with subsection (1).

8 Horse breeding schemes

Existing private stallion scheme agreements
    Paragraph (k) of the definition of stallion scheme agreement in subsection 4(1) is satisfied in relation to a stallion scheme agreement entered into before the commencement of this instrument, if the stallion scheme agreement included a provision to the effect that ASIC Class Order [CO 02/178] was being relied on by the operator and the operator was entitled to rely on [CO 02/178] immediately before the commencement of this instrument.

Endnotes

Endnote 1—Instrument history

Instrument number  Date of FRL registration      Date of commencement  Application, saving or transitional provisions
2016/790           26/8/2016 (see F2016L01346)   30/8/2016
2016/1173          15/12/2016 (see F2016L01956)  16/12/2016            -
2021/799           22/9/2021 (see F2021L01310)   5/10/2021             -

Endnote 2—Amendment history
ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted
Provision affected   How affected
Section 2            rep. s48D LA
Subsection 5(3)(i)   rep. 2016/1173
Subsection 6(4)      am. 2021/799