Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p4
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 4/19)
Character Range: 1381483–1384247

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 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.
 (4) For paragraph 1017F(4)(e) of the Act, the following transactions in relation to a financial product are not required to be confirmed:
 (a) a transaction that is required or authorised by a law of the Commonwealth or of a State or Territory;
 (b) a transaction:
 (i) consisting solely of an additional contribution towards the financial product; and
 (ii) in relation to which the holder has agreed to the timing and amount, or method of calculating the amount, of the additional contribution;
 (c) a transaction:
 (i) consisting solely of a withdrawal from the financial product; and
 (ii) in relation to which the holder has agreed to the timing and amount, or method of calculating the amount, of the withdrawal;
 (d) a transaction:
 (i) consisting solely of the acquisition of managed investment products; and
 (ii) in relation to which the holder has agreed to the timing and amount, or method of calculating the amount, of the acquisition; and
 (iii) in relation to which the holder of the managed investment products, before agreeing to the acquisition, already held or had agreed to acquire managed investment products that were interests in the same registered scheme as the managed investment products that are to be acquired under the agreement;
 (da) a transaction:
 (i) consisting solely of the acquisition of foreign passport fund products; and
 (ii) in relation to which the holder has agreed to the timing and amount, or method of calculating the amount, of the acquisition; and
 (iii) in relation to which the holder of the foreign passport fund products, before agreeing to the acquisition, already held or had agreed to acquire foreign passport fund products that were interests in the same notified foreign passport fund as the foreign passport fund products that are to be acquired under the agreement;
 (e) a transaction that relates to:
 (i) a superannuation product or an RSA; and
 (ii) a superannuation surcharge liability for a product holder arising under section 10 of the Superannuation Contribution Tax (Assessment and Collections) Act 1997;
 (g) a transaction consisting of:
 (i) the generating by a financial product of a financial return or other benefit for the holder of the product; or
 (ii) the payment to that holder of that return or other benefit, if the holder has agreed to the method by which the payment