Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:15:p46
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 15 (pt 46/73)
Character Range: 1802902–1805756

it is regulated on and after the FSR commencement; and
 (b) is taken to be a disqualification made under subsection 25(5) or 31H(5) of the Insurance (Agents and Brokers) Act 1984.
 (2) For section 1444 of the Act, on and after the FSR commencement, subsections 25(5) and 31H(5) of the Insurance (Agents and Brokers) Act 1984, and associated provisions, continue to apply to the extent necessary to allow the disqualification to continue in force.
 (3) For subregulation (2), nothing in the relevant old legislation (including the Australian Securities and Investments Commission Act 2001) prevents ASIC from drafting or amending the terms of a prohibition for the purpose of ensuring that the prohibition has the same effect under the Act as it had under the relevant old legislation, or an effect equivalent to the effect it had under the relevant old legislation.

10.2.119C  Disqualifications made after FSR commencement
 (1) For section 1444 of the Act, on and after the FSR commencement, subsections 25(5) and 31H(5) of the Insurance (Agents and Brokers) Act 1984, and associated provisions, continue to apply to the extent necessary to allow a disqualification to be made or enforced against a person in relation to:
 (a) conduct or another matter that occurred before the FSR commencement; or
 (b) conduct or another matter that:
 (i) occurred after the FSR commencement; and
 (ii) is regulated in accordance with section 1432 or 1436A of the Act.
 (2) A disqualification made in relation to conduct or another matter mentioned in subregulation (1) is taken to be a disqualification made under subsection 25(5) or 31H(5) of the Insurance (Agents and Brokers) Act 1984.
 (3) For subregulation (2), nothing in the relevant old legislation (including the Australian Securities and Investments Commission Act 2001) prevents ASIC from drafting or amending the terms of a prohibition for the purpose of ensuring that the prohibition has the same effect under the amended Corporations Act as it had under the old legislation, or an effect equivalent to the effect it had under the old legislation.

Division 25—Transitional matters under relevant old legislation: Marine Insurance Act 1909

10.2.120  Marine policy effected through broker
  For section 1444 of the Act, sections 59 and 60 of the Marine Insurance Act 1909, and any associated provisions, continue to have effect in relation to a marine policy effected on behalf of the assured by a broker before the FSR commencement.

Division 25A—Transitional matters under relevant old legislation: Retirement Savings Accounts Regulations 1997

10.2.120A  Continuation of RSA Regulations during transition period
 (1) For section 1444 of the Act, this regulation applies in relation to a financial product:
 (a) to which the RSA Act applied immediately before the FSR commencement; and
 (b) for which a