Commonwealth Consolidated Regulations

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Definitions for Part 12.7

                   In this Part:

"ASIC transitional standard" means:

                     (a)  a provision of a previous governing Code that is specified in Schedule 12; or

                     (b)  an instrument made under a provision mentioned in paragraph (a).

"relevant financial institution" means the following bodies:

                     (a)  a transferring financial institution of a State or Territory;

                     (b)  a company that is permitted to use the expression, building society , credit society or credit union under section 66 of the Banking Act 1959 ;

                     (c)  a friendly society;

                     (d)  an Australian ADI to which a declaration under regulation 12.7.02 applies.

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