Commonwealth Consolidated Regulations

BANKING REGULATIONS 1966 - REG 10

                The following information is prescribed for paragraph 16AT (2) (b) of the Act in the circumstances where APRA or a liquidator establishes an account with an ADI under section 16AH or 16AR of the Act:

                (a)    the name, address and, if the account holder is an individual, date of birth of the account holder;

               (b)    the tax file number of the account holder;

                (c)    any information available to APRA or the liquidator that would assist the ADI, as a reporting entity under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 , to carry out its obligations under that Act in relation to the new account;

               (d)    if the account is a retirement savings account -- information required in relation to a retirement savings account by or under section 390- 10 of Schedule 1 to the Taxation Administration Act 1953 ;

                (e)    if the account is a farm management deposit -- information required by or under Schedule 1 to the Income Tax (Farm Management Deposits) Regulations 1998 ;

                (f)    if the account is a first home saver account -- information required by or under section 391- 10 of Schedule 1 to the Taxation Administration Act 1953 ;

               (g)    information relating to the status of the account:

                          (i)    obtained by APRA under subsection 16AK (1) of the Act for the purpose of establishing an account under section 16AH of the Act on behalf of the account-holder; or

                         (ii)    used by the liquidator for the purpose of paying distributions to an account of the same kind held by an account-holder, or established by the liquidator on behalf of an account-holder, under section 16AR of the Act.