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CORPORATIONS REGULATIONS 2001 - REG 10.2.208 Periodic statements

CORPORATIONS REGULATIONS 2001 - REG 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.