Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:301:p10
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 301 (pt 10/30)
Character Range: 1899653–1902662

this regulation:
insolvency litigation funding scheme means an insolvency litigation funding scheme mentioned in regulation 5C.11.01 (as in force on 22 August 2020).
litigation funding arrangement means a litigation funding arrangement mentioned in regulation 5C.11.01 (as in force on 22 August 2020).
litigation funding scheme means a litigation funding scheme mentioned in subregulation 7.1.04N(3) (as in force on 22 August 2020).

Part 10.39—Application provisions for the Financial Sector Reform (Hayne Royal Commission Response) (Hawking of Financial Products) Regulations 2021

10.39.01  Right of return and refund for hawked financial products
 (1) Regulations 7.8.23 and 7.8.25, as in force immediately before the commencement of Schedule 1 to the Financial Sector Reform (Hayne Royal Commission Response) (Hawking of Financial Products) Regulations 2021, continue in force after that commencement as if they had been made for the purposes of paragraph 992AA(2)(c) of the Act.
 (2) Regulation 7.8.24, as in force immediately before the commencement of Schedule 1 to the Financial Sector Reform (Hayne Royal Commission Response) (Hawking of Financial Products) Regulations 2021, continues in force after that commencement as if it had been made for the purposes of paragraph 992AA(3)(a) of the Act.

Part 10.40—Application provisions relating to the Financial Sector Reform (Hayne Royal Commission Response) (Regulation of Superannuation) Regulations 2020

10.40.01  Definitions
  In this Part:
amending regulations means the Financial Sector Reform (Hayne Royal Commission Response) (Regulation of Superannuation) Regulations 2020.
commencement day means the day on which Part 2 of Schedule 1 of the amending regulations commences.

10.40.02  Transitional provision relating to non‑public offer funds
 (1) This regulation applies if:
 (a) on or before 30 April 2021, a person lodges an application for an Australian financial services licence authorising the person to do either or both of the following:
 (i) deal in a financial product in the capacity of the trustee of a superannuation entity that is not a public offer entity;
 (ii) provide a superannuation trustee service in the capacity of the trustee of a superannuation entity that is not a public offer entity; and
 (b) the application complies with section 913A of the Act; and
 (c) on the commencement day, the application has not been withdrawn by the applicant, or dealt with by ASIC.
Note: ASIC may deal with the application by granting, or refusing to grant, the licence (see section 913B of the Act), or by refusing to receive the application (see subsection 1274(8) of the Act).
 (2) Paragraphs 7.6.01(1)(a) and (aa) continue to apply, despite their repeal by the amending regulations, in relation to the person during the period:
 (a) starting on the commencement day; and
 (b) ending when the application is withdrawn by the applicant, or dealt with by ASIC, whichever happens first.

Part 10.41—Application provisions relating