Section 1482 — Corporations Act 2001: Schedule 3 to the amending Act (improving regulation of insolvency practitioners)

(1) The amendment made by item 7 of Schedule 3 to the amending Act applies to an application for registration if the application was made on or after the day on which that item commences. (2) Despite the amendment made by item 9 of Schedule 3 to the amending Act, subsection 1288(3) continues to apply, in relation to a 3-year period ending before the day on which that item commences, as if that amendment had not been made. (3) Subsection 1288(3) as amended by item 9 of Schedule 3 to the amending Act applies as follows: (a) in the case of a person whose first 12 months of registration ends on or after the day on which that item commences—that subsection applies in relation to: (i) the person’s first 12 months of registration; and (ii) each subsequent period of 12 months; (b) in the case of a person whose first 12 months of registration ended before the day on which that item commences—that subsection applies as if the reference in paragraph 1288(3)(a) to the day on which the person’s registration begins (the initial registration day) were a reference to the last anniversary of the initial registration day that occurred before the day on which that item commences. For this purpose, a person’s first 12 months of registration is the period of 12 months beginning on the day on which the person’s registration begins. (4) The amendment made by item 12 of Schedule 3 to the amending Act applies in relation to a decision made on or after the day on which that item commences.