Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The amendments made by Schedule 3 to the Financial Sector Reform (Hayne Royal Commission Response) Act 2020 apply in relation to a principal product or service (within the meaning of section 12DO) if:
(a) a person enters into a commitment to acquire the principal product or service on or after the commencement of that Schedule; or
(b) a person acquires the principal product or service on or after the commencement of that Schedule without previously having entered into such a commitment.
(2) Regulations made for the purposes of subsection 12DO(3) apply for the purposes of this section.