ADI Account definition

ADI Account shall have the meaning provided in Section 10 of the Australian PPSA.
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ADI Account means an account with an ADI;
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ADI Account is any “ADI account” as defined in the PPSA with such additions to such term as may hereafter be made.
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Examples of ADI Account in a sentence

  • However, the park operator does not have to give a written receipt for rent that is paid, under an agreement between the park operator and the long‑stay tenant, into an ADI account nominated by the park operator.

  • For the purposes of section 92(a) of the Act, the minimum rate at which interest accrues on a security bond amount paid into an ADI account is 70% of the relevant bank accepted bills rate, calculated on a daily basis.

  • However, the park operator does not have to give a written receipt for rent that is paid, under an agreement between the park operator and the long-stay tenant, into an ADI account nominated by the park operator.

  • A strata manager may, instead of operating a trust account, pay money received on behalf of a strata company into the strata company’s own ADI account (as referred to insection 148(1)(c)).2.

  • Once the student has commenced study in their chosen qualification or course the Pre-paid fees are then transferred from the Pre-paid ADI account to the operational account.

  • If a tenant pays rent other than into an ADI account, the person who receives the rent must, within 48 hours after receiving the rent, give the tenant a receipt setting out the information required to be recorded by the landlord undersection 57(1) in respect of the rent received.Maximum penalty: $2 500.

  • If You do sell the Goods in the ordinary course then You agree that You must hold any proceeds from the sale of the Goods as trustee and agent of Valiant and that You will place the same in an ADI account, separate from Your own monies and You must not allow any person to have control of or grant a security interest over the proceeds or the accounts in which they are held.

  • For the purposes of this section, a reference to an ADI account includes a reference to a credit card account.

  • Penalty for this subsection: a fine of $5 000.(3) However, the park operator does not have to give a written receipt for rent that is paid, under an agreement between the park operator and the long-stay tenant, into an ADI account nominated by the park operator.

  • Expiation fee: $210.(2) If a resident makes a payment under a rooming house agreement or an agreement collateral to a rooming house agreement other than into an ADI account, the person who receives the payment must, within 48 hours after receiving the payment, give the resident a receipt setting out the relevant information in respect of the payment.Maximum penalty: $2 500.


More Definitions of ADI Account

ADI Account means an Authorised Deposit Taking Institution account and includes a reference to a Visa or MasterCard credit card account;
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ADI Account means an Authorised Deposit Taking Institution account and includes a reference to a Credit Card account;
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ADI Account means an account with an authorised
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Related to ADI Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Investment Account As defined in Section 3.12(a).

  • Sub-Account means any of the individual sub-accounts of a Participant's Account that is maintained as provided in Article VIII.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Disbursement Account has the meaning ascribed to it in Section 1.1(e).

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.