Document ID: chunk:federal_register_of_legislation:C2012A00176:clause:1_3
Version: federal_register_of_legislation:C2012A00176
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 4261–5083

3  Paragraphs 69(1A)(b) and (c)
Repeal the paragraphs, substitute:
 (b) the account has not been operated on either by deposit or withdrawal for a period (the inactive period) of not less than:
 (i) 3 years; or
 (ii) if a greater number of years is specified in the regulations—that greater number of years;
  beginning:
 (iii) at the most recent time when the account was operated on either by deposit or withdrawal; or
 (iv) if another time is ascertained in accordance with the regulations—at that other time; and
 (c) after the period of:
 (i) 3 years; or
 (ii) if a greater number of years is specified in the regulations—that greater number of years;
  beginning at the start of the inactive period, the ADI has been unable to contact the owner about those farm management deposits after making reasonable efforts.