Document ID: chunk:federal_register_of_legislation:C2012A00176:clause:1_8
Version: federal_register_of_legislation:C2012A00176
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 6894–9141

8  Transitional—supplementary statement and payment obligations
(1) In addition to its effect apart from this subitem, section 69 of the Banking Act 1959 also has the effect it would have if:
 (a) in subsection 69(3) of that Act, the words "within 3 months after the 31 December in each year" were omitted and the words "before the end of 31 May 2013" were substituted; and
 (b) in subsection 69(3) of that Act, the words "as at the end of the applicable assessment day" were inserted after "sums of unclaimed moneys"; and
 (c) the amendments made by items 1, 2, 3, 4 and 4B of this Schedule had commenced on 31 December 2012; and
 (d) any regulations made, in accordance with section 4 of the Acts Interpretation Act 1901, for the purposes of any of the following provisions of the Banking Act 1959 had taken effect from the day on which the regulations are registered under the Legislative Instruments Act 2003:
 (i) paragraph 69(1)(b);
 (ii) paragraph 69(1)(d);
 (iii) subparagraph 69(1A)(b)(ii);
 (iv) subparagraph 69(1A)(b)(iv);
 (v) subparagraph 69(1A)(c)(ii);
 (vi) subsection 69(1B);
 (vii) subsection 69(1C);
 (viii) subsection 69(1D);
 (ix) subsection 69(1E);
 (x) subsection 69(3).

No double counting
(2) For the purposes of the application to an ADI of section 69 of the Banking Act 1959 (as that section has effect under subitem (1)), unclaimed moneys does not include any 7‑year unclaimed amounts for the ADI.
(3) For the purposes of this item, if:
 (a) an amount is required to be set out in an ADI's statement under subsection 69(3) of the Banking Act 1959 (as that subsection has effect otherwise than under subitem (1)); and
 (b) the ADI is required, by subsection 69(3) of the Banking Act 1959 (as that subsection has effect otherwise than under subitem (1)), to deliver the statement to the Treasurer within 3 months after 31 December 2012;
the amount is a 7‑year unclaimed amount for the ADI.

Applicable assessment day
(4) For the purposes of this item, the applicable assessment day for an ADI is:
 (a) 30 May 2013; or
 (b) if the ADI, by written notice given to the Treasurer before 30 May 2013, nominates a day that is:
 (i) not earlier than 31 December 2012; and
 (ii) not later than 29 May 2013;
  the nominated day.