Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p38
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 140295–145029

funds can be withdrawn or transferred out of the account;
                                                                         * savings deposits with restrictions or limitations on payments or withdrawals; and
                                                                         * money-market deposit accounts.

                                                                    It excludes: savings deposits linked to an account from which payments may be made to third parties (e.g. Automated Teller Machines, debit card or another electronic device) where funds may be transferred to the linked account almost instantaneously and subsequently withdrawn or transferred to a third party on demand.

                                                                    In practice, classify a deposit as non-transaction deposits where any of the following criteria are met:
                                                                         * more than 24 hours' notice is required to withdraw or transfer funds from the account;
                                                                         * the funds cannot be directly withdrawn, used for payment to a third party, or instantaneously transferred to a linked account from which either of these types of transactions can be conducted;
                                                                         * there is a restriction on the number of withdrawals or transfers than can be made (e.g. maximum of two withdrawals a month) or the rate of interest charged on the deposit differs based on whether a certain number of withdrawals have been made (e.g. bonus savings accounts); or
                                                                         * there is a restriction on or penalty charged for early withdrawal or transfer of funds (such as loss of interest earned on the remaining funds or a penalty fee other than a transaction fee).
                                                                    If none of the above criteria are met, classify the deposit as a transaction deposit.
Non-transaction merchant fees charged                               Means all fees charged to merchants other than per-transaction merchant fees charged.

                                                                    It includes:

                                                                         * joining and annual fees;
                                                                         * terminal and imprinter hire fees;
                                                                         * access fees;
                                                                         * credit card authorisation request fees; and
                                                                         * termination fees.

Notes and coins                                                     Means holdings of physical currency.

                                                                    It includes: Australian and foreign currency notes and coins.

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Occupancy and equipment expenses incurred         Refers to expenses incurred during the period from tangible assets.

                                                  It includes:

                                                       * rental expenses on operating leases;
                                                       * depreciation and repairs and maintenance of property, plant and equipment;
                                                       * utility expenses; and
                                                       * property rates and taxes.

                                                  It excludes:

                                                       * wages and salaries of own employees;
                                                       * depreciation on information technology equipment;
                                                       * rental expense for information technology equipment; and
                                                       * repairs and maintenance expenses on software and information technology equipment.

Off-balance sheet securitised (assets)            For an ADI or RFC that is a related party of an ADI:

                                                  Means assets that have been removed from the institution's balance sheet because they were originated by, or moved to, an SPV for the purposes of a securitisation, and have been derecognised from the domestic books balance sheet under Australian Accounting Standards.

                                                  Does not include any cover pool assets that have been transferred to an SPV for the purposes