Section 1415 — Corporations Act 2001 (Cth)

Preservation of compensation regimes

(1) If, during the transition period in relation to a market the operation of which is authorised by a licence granted under section 1413, Part 7.5 of the amended Corporations Act does not apply in relation to the market (except as provided in subsection 1414(4)) because of subsection 1414(2), Part 7.9, or Part 8.6, as the case requires, of the old Corporations Act, and any associated provisions, continue to apply in relation to the market during the transition period.

Preservation of certain ongoing requirements

(2) During the transition period in relation to a market:

(a) the operation of which is authorised by a licence granted under section 1413; and

(b) that, immediately before the FSR commencement, was a securities exchange to which section 769A of the old Corporations Act applied;

the following provisions continue to apply in relation to the market:

(c) paragraphs 769A(1)(c) and (e) of the old Corporations Act, and any associated provisions;

(d) section 769B of the old Corporations Act (but only as applying in relation to paragraphs 769A(1)(c) and (e) of the old Corporations Act), and any associated provisions.

Related sections

• s 1412 — Treatment of proposed markets that have not started to operate by the FSR commencement
• s 1413 — Obligation of Minister to grant licences covering main existing markets
• s 1414 — Section 1413 markets—effect of licences and conditions
• s 1416 — Section 1413 markets—powers for regulations to change how the old and new Corporations Act apply during the transition period
• s 1417 — Section 1413 markets—additional provisions relating to previously unregulated services
• s 1418 — Treatment of exempt stock markets and exempt futures markets (other than markets with no identifiable single operator)

Research how courts apply s 1415

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