Australian Securities and Investments Commission Amendment Regulations 2010 (No. 1) (Cth)

Australian Securities and Investments Commission Amendment Regulations 2010 (No. 1)¹

Select Legislative Instrument 2010 No. 86

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Australian Securities and Investments Commission Act 2001.

Dated 6 May 2010

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

CHRIS BOWEN

Minister for Financial Services, Superannuation and Corporate Law

Name of Regulations

These Regulations are the Australian Securities and Investments Commission Amendment Regulations 2010 (No. 1).

Commencement

These Regulations commence on the commencement of Schedule 2 to the Corporations Legislation Amendment (Financial Services Modernisation) Act 2009.

Amendment of Australian Securities and Investments Commission Regulations 2001

Schedule 1 amends the Australian Securities and Investments Commission Regulations 2001.

Schedule 1 Amendment

(regulation 3)

[1] After regulation 2C

insert

2DCircumstances in which a person is taken to be provided a traditional trustee company service

For subsection 12BAB (1B) of the Act, a person who is one of the following:

(a)a person who may request an annual information return under subregulation 5D.2.01 (3) of the Corporations Regulations 2001;

(b)a person who requests the preparation of a will, a trust instrument, a power of attorney or an agency arrangement;

is, in relation to an estate management function, prescribed as the person to whom the service is taken to be provided for the purpose of Division 2 of Part 2 of the Act.

Note

All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See