Section 961F — Corporations Act 2001 (Cth)

Meaning of basic banking product

Each of the following is a basic banking product:

(a) a basic deposit product;

(b) a facility for making non‑cash payments;

(d) a facility for providing traveller’s cheques;

(e) any other product prescribed by regulations for the purposes of this paragraph.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 961C — Meaning of reasonably apparent
s 961D — Meaning of reasonable investigation
s 961E — What would reasonably be regarded as in the best interests of the client?
s 961G — Resulting advice must be appropriate to the client
s 961H — Resulting advice still based on incomplete or inaccurate information
s 961J — Conflict between client’s interests and those of provider, licensee, authorised representative or associates

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