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
1              Name of Regulations
                These Regulations are the Australian Securities and Investments Commission Amendment Regulations 2010 (No. 1).
2              Commencement
                These Regulations commence on the commencement of Schedule 2 to the Corporations Legislation Amendment (Financial Services Modernisation) Act 2009.
3              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
2D           Circumstances 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
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.