15Acceptable savings where prescribed date is not later than 31 December 1964

15 Acceptable savings where prescribed date is not later than 31 December 1964

(1) This section applies to an eligible person in relation to whom the prescribed date is a date not later than 31 December 1964. (2) For the purposes of this Act, the acceptable savings of a person to whom this section applies as at a time before the prescribed date are, subject to this Act, the moneys that were saved in Australia before that time by the person and were held at that time in Australia by the person, or by the person jointly with his or her spouse, whether in the form of an investment or otherwise. (3) For the purposes of this Act, the acceptable savings of a person to whom this section applies as at the prescribed date are, subject to this Act, the moneys that were saved in Australia before that date by the person and: (a) were maintained at that date by the person, or by the person jointly with his or her spouse, on deposit with a branch in Australia of a savings bank or of a trading bank; (b) were maintained at that date by the person, or by the person jointly with his or her spouse, on deposit with a building society, friendly society or credit union; or (c) were paid before that date by the person or his or her spouse, or by both of those persons, to a building society as subscriptions in respect of shares in the capital of the society and were not repaid before that date.