Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p3
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 3/19)
Character Range: 1378875–1381723

reasonably believes, that the product holder is able to use; and
 (b) confirmation may be provided by means of the facility mentioned in paragraph (a).'.
 (3) Part 7.9 of the Act applies in relation to the financial products as if paragraph 1017F(6)(a) of the Act were replaced by the following paragraph:
 '(a) must be:
 (i) by telephone; or
 (ii) by writing; or
 (iii) by another method that the responsible person knows, or reasonably believes, that the product holder is able to use; and'.

Division 5C—CGS depository interests

7.9.61E  Meaning of CGS depository interest information website
  For the purposes of the definition of CGS depository interest information website in subsection 1020AH(1) of the Act, the website prescribed is www.australiangovernmentbonds.gov.au.

Division 6—Confirmation of transactions

7.9.62  Confirmation of transactions not required
 (1) For paragraph 1017F(4)(e) of the Act, a transaction is not required to be confirmed by the trustee of a superannuation fund, an approved deposit fund or pooled superannuation trust if:
 (a) the transaction relates to the termination of a superannuation product; and
 (b) the trustee has provided information in accordance with section 1017D of the Act and Subdivision 5.12 of these Regulations about having left the superannuation fund, approved deposit fund or pooled superannuation trust.
 (1A) For paragraph 1017F(4)(e) of the Act, a transaction is not required to be confirmed by the trustee of a superannuation fund if the transaction relates to a superannuation product provided by a self managed superannuation fund.
 (2) For paragraph 1017F(4)(e) of the Act, a transaction is not required to be confirmed to the product holder by an RSA provider if:
 (a) the transaction relates to an RSA; and
 (b) the trustee has provided information in accordance with section 1017D of the Act and Subdivision 5.12 of these Regulations about closing the RSA.
 (3) For paragraph 1017F(4)(e) of the Act, the following transactions in relation to a financial product are not required to be confirmed:
 (a) debiting for fees, taxes or charges in respect of the financial product or other transactions involving the financial product;
 (b) debiting for charges or duties on deposits into, or withdrawals from, the financial product that are payable under a law of the Commonwealth or of a State or Territory;
 (c) debiting an amount from a basic deposit product if:
 (i) the holder of the product has been given a periodic statement under section 1017D of the Act not later than 6 months after the transaction occurs; and
 (ii) the periodic statement contains the information about the transaction that is required by that section;
 (d) crediting an amount to a basic deposit product if:
 (i) the holder of the product has been given a periodic statement under section 1017D of the