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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