Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.9.08A

    For paragraph   1020G(1)(c) of the Act, Part   7.9 of the Act applies as if section   1017E of the Act were modified by adding after subsection   1017E(2C):

  '(2D)   In relation to money to which this section applies:

  (a)   the product provider is entitled to the interest on the account; and

  (b)   the interest on the account is not required to be paid into the account;

    only if the product provider discloses to the person who paid the money that the product provider is keeping the interest (if any) earned on the account.'.