Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008 (105 of 2008)

Schedule 1   Financial Claims Scheme

Part 1   Amendment of the Banking Act 1959

1   Subsection 5(1)

Insert:

account-holder means an entity (as defined in section 960-100 of the Income Tax Assessment Act 1997) that has (either alone or jointly with another entity) an account or covered financial product with an ADI.

Note: The following heading to subsection 5(1) is inserted “Definitions”.