In this Part:
"amending Schedule" means Schedule 4 to the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 .
"first transitional period" : if the start date occurs on 1 January 2025 or 1 July 2025, the first transitional period is the period that:
(a) starts on the start date; and
(b) ends on 30 June 2026.
Otherwise, there is no first transitional period .
"second transitional period" means the period that:
(a) starts on 1 July 2026; and
(b) ends on 30 June 2027.
"start date" means:
(a) if this section commences on or before 2 December 2024--1 January 2025; or
(b) if this section commences between 3 December 2024 and 1 June 2025--1 July 2025; or
(c) if this section commences on or after 2 June 2025--the first 1 January or 1 July to occur 29 days or more after the day this section commences.