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CORPORATIONS ACT 2001 - SECT 1675C

Application during transition period

  (1)   Despite section   1675A, a claims handling and settling service provided by or on behalf of a person during the transition period for that person is not to be treated as a financial service, except for the purposes of:

  (a)   section   912C; and

  (b)   section   912CA; and

  (c)   section   912E.

  (2)   Nothing in this section prevents:

  (a)   a financial services licensee from giving a person a notice under section   916A during the transition period for the licensee authorising the person to provide claims handling and settling services after the end of that transition period; or

  (b)   an authorised representative of a financial services licensee giving an individual written notice under section   916B during the transition period for the licensee authorising that individual to provide specified claims handling and settling services or claims handling and settling services on behalf of the licensee after the end of the transition period for the authorised representative.

 



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