Section 1546A — Corporations Act 2001: Definitions

In this Part: amending Act means the Corporations Amendment (Professional Standards of Financial Advisers) Act 2017. commencement means the start of the day Part 1 of Schedule 1 to the amending Act commences. education and training standards has the meaning given by section 921B. existing provider means: (a) a person who: (i) is a relevant provider at any time between 1 January 2016 and 1 January 2019; and (ii) is not banned or disqualified under Division 8 of Part 7.6 on 1 January 2019; and (iii) is not, on that day, subject to an enforceable undertaking under section 93AA of the ASIC Act to not provide financial product advice or a financial service; or (b) a person who: (i) at any time between 1 January 2016 and 1 January 2019, provides personal advice in a foreign country to retail clients in relation to relevant financial products; and (ii) is not prohibited under the law of the foreign country from providing such advice on 1 January 2019. foreign country includes a region, where: (a) the region is a colony, territory or protectorate of a foreign country; or (b) the region is part of a foreign country; or (c) the region is under the protection of a foreign country; or (d) a foreign country exercises jurisdiction or control over the region; or (e) a foreign country is responsible for the region’s international relations. relevant financial products has the meaning given by section 910A. relevant provider has the meaning given by section 910A.