Document ID: chunk:federal_register_of_legislation:F2016L01901:reg:19
Version: federal_register_of_legislation:F2016L01901
Segment Type: reg
Provision Reference: reg 19
Character Range: 12223–13063

19  Sub accounts
 (1) This section specifies an account (a sub account) to which the following apply:
 (a) the account is operated or maintained as part of another account (a parent account);
 (b) the account is part of the parent account.
 (2) The conditions relating to a sub account are that:
 (a) no deposits have been made into the sub account for at least 7 years; and
 (b) no withdrawals have been made from the sub account for at least 7 years; and
 (c) no deposits have been made into the parent account for at least 7 years; and
 (d) no withdrawals have been made from the parent account for at least 7 years; and
 (e) for each other sub account of the parent account:
 (i) no deposits have been made into that sub account for at least 7 years; and
 (ii) no withdrawals have been made from that sub account for at least 7 years.