Section 1705C — Corporations Act 2001 (Cth)

Transitional—Australian CS facility licences in force before the commencement time for operating overseas clearing and settlement facilities

(1) This section applies to an Australian CS facility licence:

(a) granted under subsection 824B(2) as in force before the commencement time; and

(b) in force immediately before the commencement time.

(2) The licence continues in force (and may be dealt with) at and after the commencement time as if the licence had been granted under subsection 824B(2) as amended by Part 1 of the amending Schedule.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 1705 — Definitions
s 1705A — Application of amendments—applications for Australian CS facility licences
s 1705B — Transitional—Australian CS facility licences in force before the commencement time
s 1705D — Transitional—applications for an Australian CS facility licence undecided before the commencement time
s 1705E — Application of amendments—suspension or cancellation of licences
s 1705F — Transitional—prescribed financial markets to be declared financial markets

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