Document ID: chunk:federal_register_of_legislation:F2020L01688:clause:1_87
Version: federal_register_of_legislation:F2020L01688
Segment Type: clause
Provision Reference: sch 1 cl 87
Character Range: 81791–82247

87  At the end of Part 2 of Schedule 3
Add:

2.2  Meaning of account privileges—banking sector
 (1) This clause is made for the purposes of the definition of account privileges in subrule 1.7(1) of these rules.
 (2) For the banking sector, a person has account privileges in relation to an account with a data holder if:
  (a) the account is for a phase 1, a phase 2 or a phase 3 product; and
  (b) the person is able to make transactions on the account.