1 Subregulation 20(1) (note)
Repeal the note, substitute:
Note: Under subsection 69(1B) of the Act, moneys to the credit of an account specified in the regulations are unclaimed moneys if, and only if, the conditions specified in the regulations are satisfied. However:
(a) regulation 20A (made for subsection 69(1D) of the Act) specifies accounts to which subsection 69(1) of the Act does not apply; and
(b) regulation 21 (made for subsection 69(1E) of the Act) specifies deposits to which subsections 69(1) and (1A) of the Act do not apply.
2 After regulation 20
Insert:
20A Unclaimed moneys--accounts to which subsection 69(1) of the Act does not apply
For subsection 69(1D) of the Act, if the holder of an account, or an agent of the holder, has notified the ADI, within the previous 3 years, that the holder wishes to treat the account as active, the account is specified.
Note: Subsection 69(1) of the Act does not apply to an account specified for subsection 69(1D) of the Act.
3 At the end of regulation 21
Add:
Note: Subsections 69(1) and (1A) of the Act do not apply to a deposit specified for subsection 69(1E) of the Act.