Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1546A

    In this Part:

"amending Act" means the Corporations Amendment (Professional Standards of Financial Advisers) Act 2017 .

"commencement" means the start of the day Part   1 of Schedule   1 to the amending Act commences.

"education and training standards" has the meaning given by section   921B.

"existing provider" means:

  (a)   a person who:

  (i)   is a relevant provider at any time between 1   January 2016 and 1   January 2019; and

  (ii)   is not banned or disqualified under Division   8 of Part   7.6 on 1   January 2019; and

  (iii)   is not, on that day, subject to an enforceable undertaking under section   93AA of the ASIC Act to not provide financial product advice or a financial service; or

  (b)   a person who:

  (i)   at any time between 1   January 2016 and 1   January 2019, provides personal advice in a foreign country to retail clients in relation to relevant financial products; and

  (ii)   is not prohibited under the law of the foreign country from providing such advice on 1   January 2019.

"foreign country" includes a region, where:

  (a)   the region is a colony, territory or protectorate of a foreign country; or

  (b)   the region is part of a foreign country; or

  (c)   the region is under the protection of a foreign country; or

  (d)   a foreign country exercises jurisdiction or control over the region; or

  (e)   a foreign country is responsible for the region's international relations.

"relevant financial products" has the meaning given by section   910A.

"relevant provider" has the meaning given by section   910A.