Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:15:p15
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 15 (pt 15/73)
Character Range: 1726082–1728748

authority remained in force during part of a particular month;
as if the person were a futures broker.

10.2.63  Financial statements of financial services licensee: general
 (1) For section 1444 of the Act, this regulation applies in relation to a financial services licensee who is not a regulated principal mentioned in any the following items of the table in section 1430 of the Act:
 (a) item 1;
 (b) item 3;
 (c) item 5;
 (d) item 7.
 (2) Subdivision C of Division 6 of Part 7.8 of the Act applies in relation to the financial services licensee as if the first day of the first financial year in relation to the licensee, in its capacity as licensee, commenced on:
 (a) if the person prepares financial statements for the entire financial year in which the person became a financial services licensee—the first day of that financial year; or
 (b) if paragraph (a) does not apply—the day on which the person became a financial services licensee.

10.2.64  Financial statements of financial services licensees who were certain regulated principals
 (1) For section 1444 of the Act, this regulation applies in relation to a financial services licensee who is a regulated principal mentioned in any of the following items of the table in section 1430 of the Act:
 (a) item 1;
 (b) item 3;
 (c) item 5;
 (d) item 7.
 (2) Subdivision C of Division 6 of Part 7.8 of the Act applies in relation to the financial services licensee as if the financial services licensee had been a financial services licensee on and from the first day of the financial year in which the person became a financial services licensee.
 (3) If the financial services licensee was, immediately before becoming a financial services licensee, a regulated principal mentioned in item 1 of the table in section 1430 of the Act:
 (a) section 860 of the old Corporations Act, and any associated provisions, continue to apply in relation to the most recent financial year that ended before the financial year in which the licensee became a financial services licensee, as if the licensee were a person who held a securities dealers licence within the meaning of the old Corporations Act; and
 (b) section 860 of the old Corporations Act does not apply in relation to the licensee in relation to the financial year in which the licensee became a financial services licensee.
 (4) If the financial services licensee was, immediately before becoming a financial services licensee, a regulated principal mentioned in item 3 of the table in section 1430 of the Act:
 (a) section 1218 of the old Corporations Act, and any associated provisions, continue to apply in relation to the licensee in relation to