ASIC Corporations (Registration of Relevant Providers) Instrument 2023/490

ASIC Corporations (Registration of Relevant Providers) Instrument 2023/490

made under paragraph 926A(2)(a) of the Corporations Act 2001.

Compilation No. 2 

Compilation date: 24/01/2024

Includes amendments up to: F2024L00094

About this compilation

This compilation

This is a compilation of the ASIC Corporations (Registration of Relevant Providers) Instrument 2023/490 that shows the text of the law as amended and in force on 24 January 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents

Part 1—Preliminary

1 Name of legislative instrument

3 Authority

4 Definitions

Part 2—Exemption

5 Deferral of requirement for relevant providers to be registered

6 Where exemption is not available

Part 3—Repeal

7 Repeal

Endnotes

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Instrument history

Endnote 4—Amendment history

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Registration of Relevant Providers) Instrument 2023/490.

3 Authority

This instrument is made under paragraph 926A(2)(a) of the Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001.

relevant provider has the meaning given by section 910A of the Act.

Part 2—Exemption

5 Deferral of requirement for relevant providers to be registered

(1) A relevant provider does not have to comply with section 921Y of the Act until 16 February 2024.

(2) A financial services licensee does not have to comply with section 921Z of the Act in relation to a relevant provider until 16 February 2024.

6 Where exemption is not available

(1) Subsection 5(1) does not apply to a relevant provider if an order of a kind specified in paragraph 921L(1)(b) or (c) of the Act is in force against the relevant provider.

(2) Subsection 5(2) does not apply to a financial services licensee in relation to a relevant provider if an order or a kind specified in paragraph 921L(1)(b) or (c) of the Act is in force against the relevant provider.

Part 3—Repeal

7 Repeal

This instrument is repealed at the start of 16 February 2024.

Endnotes

Endnote 1—About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Instrument history

Endnote 4—Amendment history

Abbreviation key—Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Instrument history and amendment history—Endnotes 3 and 4

Amending laws are annotated in the instrument history and amendment history.

The instrument history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.

If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and “(md not incorp)” is added to the amendment history.

Endnote 2—Abbreviation key

Endnote 3—Instrument history

Endnote 4—Amendment history