Document ID: chunk:federal_register_of_legislation:F2024C01248:clause:1c_1
Version: federal_register_of_legislation:F2024C01248
Segment Type: clause
Provision Reference: sch 1C cl 1
Character Range: 288224–289218

1  Statements for the purposes of paragraph 393‑20.02(a)
 (1) This clause sets out statements for the purposes of paragraph 393‑20.02(a).

Authorised deposit‑taking institution
 (2) The first statement is as follows:
  The FMD provider issuing this application form is an authorised deposit‑taking institution for the purposes of the Banking Act 1959.
 (3) A form used to apply to an FMD provider to make a farm management deposit may only contain the first statement if the FMD provider is an ADI.

Financial Claims Scheme
 (4) The second statement is as follows:
  The account holder may be entitled to payment under the Financial Claims Scheme. Payments under the Financial Claims Scheme are subject to a limit for each depositor in respect of total deposits held by that depositor at a locally incorporated authorised deposit‑taking institution. For further information contact the Australian Prudential Regulation Authority or visit https://www.apra.gov.au.

Part 2—Required statements