Document ID: chunk:federal_register_of_legislation:C2014C00710:clause:3_5
Version: federal_register_of_legislation:C2014C00710
Segment Type: clause
Provision Reference: sch 3 cl 5
Character Range: 56002–56566

5  Section 195‑1
Insert:
deposit account: an account is a deposit account if:
 (a) the account is made available by an Australian ADI (within the meaning of the Corporations Act 2001) in the course of carrying on a banking business (within the meaning of the Banking Act 1959); and
 (b) amounts credited to the account represent money taken by the ADI on deposit (other than as part‑payment for identified goods or services); and
 (c) amounts credited to the account do not relate to a debenture (as defined in section 9 of the Corporations Act 2001) of the ADI.