Document ID: chunk:federal_register_of_legislation:F2024C00640:body:0:p5
Version: federal_register_of_legislation:F2024C00640
Segment Type: other
Provision Reference: 
Character Range: 10599–13744

sent to the depositor, or the depositor's agent at an address (including an electronic address) or fax number nominated by the person or the agent; and

             (c) may be in printed or electronic form or, in the case of information or statements given under subparagraph (b)(i), may be given orally; and

             (d) in the case of information or statements given under paragraph (7AC)(b) or (c) that is in electronic form, must, as far as practicable, be presented in a way that will allow the person to whom it is given to keep a copy of it so that the person can have ready access in the future.".

Interpretation

    6. In this instrument:

    affected term deposit means a deposit product that is a facility in relation to which:

        (a) the conditions in paragraphs (a), (b) and (e) and subparagraph (c)(ii) of the definition of basic deposit product in section 9 of the Act (ignoring any modifications or variations to the definition notionally made by this instrument) are satisfied; and

        (b) if the period referred to in subparagraph (c)(ii) of the definition of basic deposit product in section 9 of the Act (ignoring any modifications or variations to the definition notionally made by this instrument) expires after the end of the period of 2 years starting on the day on which funds were first deposited in the facility—the condition in paragraph (d) of that definition is not satisfied; and

        (c) funds were first deposited into the facility either:

             (i) between the date this instrument commenced and 31 March 2025; or

                   Note:  Sub-subparagraph (i) will be satisfied if funds are first deposited into the facility during the this period as a result of being transferred from a facility into which funds were first deposited before commencement of this instrument.

             (ii) as a result of being transferred from another affected term deposit that has substantially the same terms as the facility (other than the applicable interest rate).

    deposit product has the same meaning as in section 9 of the Act.

Notes to ASIC Class Order [CO 14/1262]

Note 1

ASIC Class Order [CO 14/1262] (in force under s926A(2)(c), 951B(1)(c) and 1020F(1)(c) of the Corporations Act 2001) as shown in this compilation comprises that Class Order amended as indicated in the tables below.

Table of Instruments
Instrument number   Date of FRL registration      Date of commencement  Application, saving or transitional provisions
[CO 14/1262]        22/12/2014 (see F2014L01773)  22/12/2014
No. 238, 2015       27/3/2015 (see F2015L00350)   28/3/2015             -
2016/397            12/5/2016 (see F2016L00789)   13/5/2016             -
2017/243            15/3/2017 (see F2017L00224)   15/3/2017             -
2017/518            27/6/2017 (see F2017L00758)   28/6/2017             -
2019/698            28/6/2019 (see F2019L00928)   29/6/2019             -
2021/500            28/6/2021 (see F2021L00871)   29/6/2021             -
2021/785            1/10/2021 (see F2021L01382)   5/10/2021             -
2024/276            26/6/2024 (see F2024L00781)   27/6/2024