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A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its "term". Time deposits differ from at call deposits, such as savings or ...
The term fixed deposit is most commonly used in India and the United States. It is known as a term deposit or time deposit in Canada, Australia, New Zealand, and as a bond in the United Kingdom. A fixed deposit means that the money cannot be withdrawn before maturity unlike a recurring deposit or a demand deposit. Due to this limitation, some ...
In 1996 Esso commenced proceedings in the Federal Court, appealing against amended income tax assessments. Orders for discovery were made, and privilege was claimed in respect of 577 documents. [ 1 ] After discussion between the parties, it was agreed that some of the documents qualified for protection under the sole purpose test; whereas ...
The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy.
Australian Military Court (2007–2009) [b] Commonwealth Court of Conciliation and Arbitration (1904–1956) [c] Commonwealth Industrial Court (1956–1973) [d] Family Court (1976–2021) Federal Circuit Court / Federal Magistrates Court (1999–2021) Federal Court of Bankruptcy (1930–1977) [e] Industrial Relations Court of Australia (1994 ...
At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
The Australian Law Reports are a series of law reports which report cases from the High Court of Australia, Federal Court of Australia and the Supreme Courts of the states and territories exercising federal jurisdiction. The reports are not officially authorised. After each authorised series they are the most often cited series of law reports ...
The Corporations Act 2001 sets up a uniform approach to the regulation of financial services through a uniform licensing and disclosure regime. The general regulatory position is that a person (whether an individual or corporate entity) carrying on a financial services business in Australia must, unless exempted, hold an Australian financial services licence (AFSL) issued by ASIC.