2 Commencement

(1)

The following provisions of this Act come into force on the day after the date of Royal assent:

(a)

Part 1 (preliminary provisions and the regulator):

(b)

Part 2 (regulator’s powers to require information, reviews, and independent reports):

(c)

sections 20 to 29 (making, revoking, and amending designations):

(d)

subpart 2 of Part 3 (standards for designated FMIs):

(f)

Part 6 (regulations, amendments, and other miscellaneous provisions), other than section 163:

(g)

Schedule 1 (transitional, savings, and related provisions):

(h)

Schedule 2 (consequential amendments that come into force on the day after Royal assent).

(2)

The rest of this Act comes into force on the date appointed by the Governor-General by Order in Council, and 1 or more orders may be made bringing different provisions into force on different dates and appointing different dates for different purposes.

(3)

To the extent that this Act is not previously brought into force under subsection (2), this Act comes into force on the third anniversary of the date of Royal assent.

(4)

An Order in Council made under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Legislation Act 2019 requirements for secondary legislation made under this section
PublicationPCO must publish it on the legislation website and notify it in the GazetteLA19 s 69(1)(c)
PresentationThe Minister must present it to the House of RepresentativesLA19 s 114, Sch 1 cl 32(1)(a)
DisallowanceIt may be disallowed by the House of Representatives LA19 ss 115, 116
This note is not part of the Act.