{"id":"F2009L04495","name":"Corporations Legislation Amendment (Financial Services Modernisation) Act 2009 - Proclamation","slug":"corporations-legislation-amendment-financial-services-modernisation-act-2009-proclamation","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":82307,"registerId":"commonwealth-F2009L04495-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Corporations Legislation Amendment (Financial Services Modernisation) Act 2009 - Proclamation","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\ntitle: Proclamation\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)\n\nProclamation\n\nCorporations Legislation Amendment (Financial Services Modernisation) Act 2009\n\nI, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and under subsection 2 (1) of the Corporations Legislation Amendment (Financial Services Modernisation) Act 2009, fix 1 January 2010 as the day on which Schedule 1 to that Act, and items 2 and 3 of Schedule 3 to that Act, commence.\n\nSigned and sealed with the  Great Seal of Australia  on 14 December 2009.\n\nQUENTIN BRYCE  Governor-General\n\nBy Her Excellency’s Command\n\nCHRIS BOWEN\n\nMinister for Financial Services, Superannuation and Corporate Law\n\n \n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2791},"content_quality":"ok","complexity_score":1,"rejection_reason":"null","scope_assessment":{"changed":false,"description":"This proclamation exercises the commencement power in section 2(1) of the Act exactly as intended. It specifies when nominated provisions take effect without expanding, limiting, or altering the substantive scope of the underlying legislation."},"complexity_factors":["Single operative paragraph fixing commencement dates","No defined terms or interpretation sections","No conditional logic, exceptions, or cross-references to other legislation","Purely administrative instrument under 150 words"],"plain_english_summary":"This is an official **proclamation** (formal announcement) by the Governor-General that activates specific parts of the *Corporations Legislation Amendment (Financial Services Modernisation) Act 2009*.\n\n**What it does:**\n- Sets **1 January 2010** as the date when certain provisions of the Act **commence** (come into force and become legally binding)\n- Specifically activates **Schedule 1** (a major section of the Act containing substantive amendments) and **items 2 and 3 of Schedule 3**\n\n**Who it affects:**\nFinancial services businesses, corporations, and consumers who must comply with the new rules from 1 January 2010 onwards.\n\n**Why it matters:**\nAustralian laws often pass Parliament but do not take effect immediately. This document is the legal trigger that switches on these specific financial services reforms on the nominated date."}},"importantCases":[],"_links":{"self":"/api/acts/corporations-legislation-amendment-financial-services-modernisation-act-2009-proclamation","history":"/api/acts/corporations-legislation-amendment-financial-services-modernisation-act-2009-proclamation/history","analysis":"/api/acts/corporations-legislation-amendment-financial-services-modernisation-act-2009-proclamation/analysis","conflicts":"/api/acts/corporations-legislation-amendment-financial-services-modernisation-act-2009-proclamation/conflicts","importantCases":"/api/acts/corporations-legislation-amendment-financial-services-modernisation-act-2009-proclamation/important-cases","documents":"/api/acts/corporations-legislation-amendment-financial-services-modernisation-act-2009-proclamation/documents"}}