Treasury Legislation Amendment (Unclaimed Money and Other Measures)Act 2012 (176 of 2012)
Schedule 1 Banking
Banking Act 1959
1 Subsection 69(1)
Omit "not less than 7 years.", substitute:
not less than:
(a) 3 years; or
(b) if a greater number of years is specified in the regulations - that greater number of years;
beginning:
(c) at the most recent time when the account was operated on either by deposit or withdrawal; or
(d) if another time is ascertained in accordance with the regulations - at that other time.
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