Standard business sponsor
reg-2.63A — as in force on 2026-06-01 — F2026C00497 · Compilation No. 287 — https://www.legislation.gov.au/F2026C00497/latest/text

2.63A Standard business sponsor
          (1) For the purposes of subsection 140G(3) of the Act, the terms of an approval of a
              person as a standard business sponsor are prescribed in this regulation.
          (2) An approval as a standard business sponsor starts:
               (a) on the day on which the approval is granted; or
               (b) if, immediately before the day on which the approval is granted, the person
                   was because of an earlier approval a standard business sponsor other than
                   an overseas business sponsor—immediately after the earlier approval
                   ceases.
          (3) However, an approval as a standard business sponsor does not start if:
               (a) immediately before the day on which the approval is granted, the person
                   was because of an earlier approval a standard business sponsor other than
                   an overseas business sponsor; and
               (b) before the time at which the approval would otherwise start, the person’s
                   approval as a standard business sponsor is cancelled.
          (4) An approval as a standard business sponsor ceases:
               (a) if, immediately after the approval starts, the person is an overseas business
                   sponsor—on the earlier of the following:
                     (i) the start of a later approval of the person as a standard business
                         sponsor;
                    (ii) 5 years after the day on which the approval is granted; or
               (b) in any other case—5 years after the day on which the approval is granted.