Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.2.208

Periodic statements

             (1)  For section 1444 of the Act, this regulation applies in relation to a basic deposit product:

                     (a)  for which the holder of the product is provided with, and keeps, a document commonly referred to as a 'passbook' into which entries of deposits to and withdrawals from the product are recorded by the product issuer; and

                     (b)  that was issued before the FSR commencement.

             (2)  Section 1017D of the Act does not apply in relation to the basic deposit product.



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