Document ID: chunk:federal_register_of_legislation:C2006C00145:clause:2_66a
Version: federal_register_of_legislation:C2006C00145
Segment Type: clause
Provision Reference: sch 2 cl 66A
Character Range: 102732–103838

66A  Restriction on use of expressions authorised deposit‑taking institution and ADI

 (1) A person who is not an ADI must not, in Australia, assume or use the expression authorised deposit‑taking institution, or ADI, in relation to a financial business carried on by the person (whether or not in Australia).

Note: For the meanings of assume or use and financial business, see subsections (2) and (3).

 (2) In this section:
 (a) a reference to an expression being assumed or used includes a reference to the expression being assumed or used:
 (i) as part of another expression; or
 (ii) in combination with other words, letters or other symbols; and
 (b) a reference to a financial business is a reference to a business that:
 (i) consists of, or includes, the provision of financial services; or
 (ii) relates, in whole or in part, to the provision of financial services.

 (3) However, this section does not prohibit the use of the letters ADI as part of another word.

Note: For example, the letters adi appear in the word traditional. Use of the word traditional is not prohibited by this section.