Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p37
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 135625–140767

certificate of deposit                                   Means negotiable-bearer debt securities. They are issued at a discount to the face value, can be traded in the secondary market and do not require endorsement when sold.  Include transferable certificates of deposit.

Newly erected dwelling                                              Refers to a dwelling that has not previously been occupied by a household.

                                                                    It includes:

                                                                         * off-the-plan purchases; and
                                                                         * dwellings resulting from the conversion of non-residential buildings to dwellings.

                                                                    It excludes: existing dwellings that have been refurbished or renovated.

Non-building structures                                             Means any structures that are not buildings.

                                                                    It includes: roads, bridges, railways, harbours, mines, telecommunication towers, dams, powerlines, pipelines and sewers.

Non-current assets and disposal groups classified as held for sale  Has the meaning in AASB 5 Non-current Assets Held for Sale and Discontinued Operations (AASB 5).

Non-interest-bearing                                                Means liabilities that have a contractual interest rate equal to zero.

                                                                    If an account has more than one contractual interest rate, report as non-interest-bearing if none of the contractual interest rates are greater than zero.

Non-lending losses and frauds                                       Refers to non-lending losses and fraud expenses such as litigation costs for the relevant period as determined in accordance with Australian Accounting Standards.

Non-negotiable certificates of deposit                              Means certificates of deposit that must be held by the depositor until maturity unless a penalty is paid for early withdrawal of the deposit. They are to be classified as a fixed-term deposit.

Non-performing                                                      Has the meaning given in Prudential Standard APS 220 Credit Risk Management.

Non-residential buildings                                           Means any buildings (or part of buildings) that are not dwellings.
                                                                    Generally include:
                                                                         * shops;
                                                                         * offices;
                                                                         * industrial buildings; and
                                                                         * any other buildings that are not dwellings.
Non-residential land                                                Means any vacant land that does not have a building attached and that is not residential land or rural property.

Non-residential property                                            Means any land or buildings that are not included in residential property.
                                                                    Generally include:
                                                                         * non-residential buildings;
                                                                         * non-residential land;
                                                                         * rural property; and
                                                                         * non-building structures.
Non-transaction deposits                                            Means all customers' deposits, other than transaction deposits.

                                                                    Non-transaction deposits have limited access (e.g. only a limited number or value of withdrawals may be made from the account in a given period), incur penalties or fees (e.g. the loss of bonus interest, withdrawal fees), or have other restrictions on use of funds for payment or withdrawal.

                                                                    It includes:

                                                                         * fixed-term deposits;
                                                                         * notice of withdrawal accounts, for which there is no fixed term but for which written notice is required at least the day before funds can be withdrawn or transferred out of the account;
                                                                         * savings deposits with restrictions or limitations on payments or withdrawals; and
                                                                         * money-market deposit accounts.

                                                                    It excludes: savings deposits linked to an account from which payments may be made