Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For section 1444 of the Act, this regulation applies in relation to a basic deposit product:
(a) for which the holder of the product is provided with, and keeps, a document commonly referred to as a 'passbook' into which entries of deposits to and withdrawals from the product are recorded by the product issuer; and
(b) that was issued before the FSR commencement.
(2) Section 1017F of the Act does not apply in relation to the basic deposit product.