Section 1690 — Corporations Act 2001 (Cth)

(1) Paragraph 912D(3)(e), as inserted by the amending Part, applies in relation to a reportable situation that arises on or after 1 October 2021 and relates to a breach of an obligation referred to in that paragraph.

(2) If:

(a) due to subsection (1), a financial services licensee is required, under a provision of Division 3 of Part 7.6, to do a thing in relation to a reportable situation that arose before the commencement day; and

(b) that thing must be done within a period of a specified number of days after the licensee first knows about, or is reckless with respect to, particular matters; and

(c) that period began before the commencement day;

then that requirement is taken to be a requirement to do the thing within the specified number of days after the commencement day.

Related sections

• s 1687J — Review of operation of laws
• s 1687K — Provisions relating to holding virtual‑only meetings cease to have effect if report of review of operation of laws is not tabled within certain period
• s 1689 — Definitions
• s 1691 — Application of subsection 912D(6)
• s 1692 — Saving of regulation 7.6.04A of the Corporations Regulations 2001
• s 1693 — Definitions

Research how courts apply s 1690

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