Personal Property Securities (Consequential Amendments) Act 2009 (131 of 2009)
Schedule 4 Personal Property Securities Act 2009
5 Section 10 (definition of ADI account )
Repeal the definition, substitute:
ADI account means an account, within the ordinary meaning of that term, kept by a person (whether alone or jointly with one or more other persons) with an ADI that is payable on demand or at some time in the future (as agreed between the ADI and the person or persons).
Example: A savings account, or a term deposit, kept with an ADI.
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