Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 46 - Arrangements relating to passbook accounts  

REGULATION 10.2.208   PERIODIC STATEMENTS  

10.2.208(1)   [ Application]  

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.

10.2.208(2)   [ Exemption]  

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