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FINANCIAL SECTOR LEGISLATION AMENDMENT (REVIEW OF PRUDENTIAL DECISIONS) ACT 2008 - SECT 2

Commencement

  (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.   Sections   1 to 3 and anything in this Act not elsewhere covered by this table

The day on which this Act receives the Royal Assent.

26 May 2008

2.   Schedule   1, Part   1

The day on which this Act receives the Royal Assent.

26 May 2008

3.   Schedule   1, item   71

Immediately before the commencement of items   9A, 9B, 9D, 9E, 9F and 9G of Schedule   2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007 .

However, the provision(s) do not commence at all if those items commence before the day on which this Act receives the Royal Assent.

1 July 2008

4.   Schedule   1, items   72 to 83

The later of:

(a) the start of the day on which this Act receives the Royal Assent; and

(b) immediately after the commencement of Schedule   2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007 .

However, the provision(s) do not commence at all if the event mentioned in paragraph   (b) does not occur.

1 July 2008 (paragraph (b) applies)

5.   Schedule   2

The day on which this Act receives the Royal Assent.

26 May 2008

6.   Schedule   3, Part   1

The day on which this Act receives the Royal Assent.

26 May 2008

7.   Schedule   3, Part   2, Division   1

The day on which this Act receives the Royal Assent.

However, the provision(s) do not commence at all if items   8 and 13 to 33 of Schedule   2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007 have not commenced before that day.

Does not commence

8.   Schedule   3, Part   2, Division   2

The day on which this Act receives the Royal Assent.

However, the provision(s) do not commence at all if items   8 and 13 to 33 of Schedule   2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007 commence before that day.

26 May 2008

9.   Schedule   3, items   65 and 66

Immediately before the commencement of items   8 and 13 to 33 of Schedule   2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007 .

However, the provision(s) do not commence at all if those items commence before the day on which this Act receives the Royal Assent.

1 July 2008

10.   Schedule   3, item   67

Immediately after the commencement of item   5 of Schedule   2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007 .

However, the provision(s) do not commence at all if that item commences before the day on which this Act receives the Royal Assent.

1 July 2008

11.   Schedule   4

The day on which this Act receives the Royal Assent.

26 May 2008

Note:   This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

  (2)   Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.



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