Commonwealth Consolidated Acts

FINANCIAL SECTOR REFORM (CONSEQUENTIAL AMENDMENTS) ACT 1998 - SECT 2

(1)

Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(2)

Subject to subsections (3) to (14), Schedules 1, 2 and 3 commence on the commencement of the Australian Prudential Regulation Authority Act 1998 .

(4)

Item 25 of Schedule 1 to this Act commences on the later of the following times:

(a)

the commencement of the Australian Prudential Regulation Authority Act 1998 ;

(b)

immediately after the commencement of item 9 of Schedule 1 to the Cheques and Payment Orders Amendment Act 1998 .

(5)

If item 2 of Schedule 1 to the Cheques and Payment Orders Amendment Act 1998 commences on or before the commencement of the Australian Prudential Regulation Authority Act 1998 , item 26 of Schedule 1 to this Act does not commence.

(7)

If item 24 of Schedule 2 to the Insurance Laws Amendment Act 1998 commences on or before the commencement of the Australian Prudential Regulation Authority Act 1998 , items 109 to 113 of Schedule 1 to this Act do not commence.

(13)

Items 1, 6, 18, 20 and 21 of Schedule 2 commence immediately after the commencement of Schedule 1 to the Financial Sector Reform (Amendments and Transitional Provisions) Act 1998 .

(14)

Items 4, 6, 12, 14, 15, 16 and 28 of Schedule 3 commence immediately after the commencement of the Managed Investments Act 1998 .