Treasury has released amended draft Regulations and explanatory material for the Corporations Amendment Regulations 2010 and the Australian Securities and Investments Commission Amendment Regulations 2010 in relation to the licensing of trustee corporations pursuant to Schedule 2 of the Corporations Legislation Amendment (Financial Services Modernisation) Act 2009 which received Royal Assent on 6 November 2009.

UPDATE 27 March: Regulations gazetted here.