sec.334Provision for recognised external certification schemes

sec.334 Provision for recognised external certification schemes

This section applies to a declared scheme that was in effect immediately before the commencement. From the commencement, the external certification scheme is taken to be a declared scheme under new part 4, division 8. A condition imposed under a former section mentioned in column 1 of the following table is taken to have been imposed under the new section mentioned in column 2 opposite the former section. Column 1 Column 2 Former section New section 1 section 171 (Regulator may impose conditions on declared scheme) section 100 2 section 172 (Condition imposed by regulation) section 101 Subsection (5) applies if, before the commencement, the regulator had given a declaration holder a written notice under former section 174(1), but had not made a decision about amending the conditions. From the commencement, the notice is taken to have been given under new section 103(1). (sec.334-ssec.1) This section applies to a declared scheme that was in effect immediately before the commencement. (sec.334-ssec.2) From the commencement, the external certification scheme is taken to be a declared scheme under new part 4, division 8. (sec.334-ssec.3) A condition imposed under a former section mentioned in column 1 of the following table is taken to have been imposed under the new section mentioned in column 2 opposite the former section. Column 1 Column 2 Former section New section 1 section 171 (Regulator may impose conditions on declared scheme) section 100 2 section 172 (Condition imposed by regulation) section 101 (sec.334-ssec.4) Subsection (5) applies if, before the commencement, the regulator had given a declaration holder a written notice under former section 174(1), but had not made a decision about amending the conditions. (sec.334-ssec.5) From the commencement, the notice is taken to have been given under new section 103(1).