Commonwealth Consolidated Acts

FINANCIAL SERVICES REFORM ACT 2001 - SECT 2

  (1)   The following provisions:

  (a)   this section and section   1;

  (b)   Part   1 of Schedule   3;

commence:

  (c)   unless paragraph   (d) applies--on the day on which this Act receives the Royal Assent; or

  (d)   if that day is the day on which the Corporations Act 2001 commences or an earlier day--immediately after the commencement of that Act.

  (2)   Subject to subsections   (3) to (6) , the remaining provisions of this Act commence on a day or days to be fixed by Proclamation.

  (3)   A day fixed by a Proclamation under subsection   (2) cannot be a day before the day on which the Corporations Act 2001 commences.

  (4)   If a day fixed by a Proclamation under subsection   (2) is the same day as the day on which the Corporations Act 2001 commences, the provisions of this Act to which that Proclamation applies are taken to commence immediately after the commencement of the Corporations Act 2001 .

  (5)   The following provisions must commence on the same day:

  (a)   all the provisions of Schedule   1;

  (b)   all the provisions of Schedule   2.

  (6)   If a provision of this Act to which subsection   (2) applies does not commence under that subsection within the period of 12 months beginning on the day on which the Corporations Act 2001 commences, it commences on the first day after the end of that period.