Information and notices—requirements forInformation and notices—requirements for wording, presentation and giving

Information and notices—requirements for wording, presentation and giving

(7AJ) Term deposit offer information, a pre-maturity notice, a post maturity notice and a combined notice:
(a) must be worded and presented in a clear, concise and effective manner; and
(b) must be given by:
  (i) giving the information or notice to the depositor, or the depositor’s agent, personally; or
  (ii) sending the information or notice to the depositor, or the depositor’s agent, at an address (including an electronic address) or fax number nominated by the depositor or the agent; or
  (iii) making the information or notice available to the depositor, or the depositor’s agent, by a nominated electronic means; and

Note: The definition of nominated electronic means is notionally inserted into section 9 by ASIC Corporations (Electronic Disclosure) Instrument 2025/447"”.

(c) may be in printed or electronic form or, in the case of information or a notice given under subparagraph (b)(i), may be given orally; and
(d) in the case of information or a notice given in electronic form—must, as far as practicable, be presented in a way that will allow the person to whom it is given to keep a copy of it so that the person can have ready access in the future.”.

Part 3—Repeal

7 Repeal

This instrument is repealed at the start of 1 April 2030.

Endnotes

Endnote 1—About the endnotes

Note: The endnotes provide information about this compilation and the compiled law.

Note: The following endnotes are included in every compilation:

Note: Endnote 1—About the endnotes

Note: Endnote 2—Abbreviation key

Note: Endnote 3—Legislation history

Note: Endnote 4—Amendment history

Note: Abbreviation key—Endnote 2

Note: The abbreviation key sets out abbreviations that may be used in the endnotes.

Note: Legislation history and amendment history—Endnotes 3 and 4

Note: Amending laws are annotated in the legislation history and amendment history.

Note: The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.