10.2.208
CurrentPeriodic statements
Chapter 10Repeals, transitional matters and application provisions
Part 10.2Transitional arrangements relating to Financial Services Reform legislation
Division 46Arrangements relating to passbook accounts
10.2.208 Periodic statements
(1)
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.
(2)
Section 1017D of the Act does not apply in relation to the basic deposit product.
This Act’s bill:Explanatory statement
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