These terms and conditions apply to the Macquarie Business Savings Account.

Additional terms and conditions which apply to your use of your Macquarie Business Savings Account are set out in the Macquarie Electronic Banking Terms and Conditions.

For the current interest rates applicable to your Account and to find out how interest is calculated and applied to your Account, please visit our website. Refer to section 2.1 (Interest rates) for more details. 

Would you like further information on amounts that will or may be payable in relation to the Macquarie Business Savings Account (including information on interest rates applicable to your Account)? You can find information about your Account at Help Centre. You may also contact us to request any further information, including to obtain a copy of these terms and conditions at any time.

Except where stated otherwise, information available from hyperlinks in these terms and conditions are for information only and do not form part of these terms and conditions.  

The Macquarie Business Savings Account is a deposit account issued by Macquarie Bank Limited ABN 46 008 583 542, AFSL 237502. 

1. Account Summary

1.1. Need help?

We're here to help and support you.

Visit our Help Centre or contact us.


Summary of key features 


Macquarie Business Savings Account 

ATM Access


Bank cheques and cheque deposits



Cash deposits


Debit card


Direct credit (including salary payments)

Direct Debit

Earn interest

Electronic Banking

Internal Transfers and Pay Anyone Payments (including scheduled and recurring) 

No Macquarie fees




1.2. Limits and lodgement times 

Information on current limits is available here.

Payment lodgement time information is available here.


1.3. How we’ll communicate with you

You agree that all statements, notices and other communications in connection with these terms and conditions and your Account may be given electronically by:

  • emailing them to your last known email address or sending them through SMS to your last known mobile telephone number
  • being made available on Macquarie’s website, or
  • being made available through Online Banking and/or Mobile Banking.

You should login to Online Banking and Mobile Banking, check our website and check your emails and SMS messages regularly.

2. Interest and Fees

2.1. Interest rates

Information on current interest rates applicable to your Account is available on our website at

Information on how we calculate and pay interest to your Account is available at our Help Centre.

Interest rates for the Macquarie Business Savings Account are variable and we may, acting reasonably and subject to law, change them at any time. You may ask us to turn off interest from being paid to your Account.

Any relevant information published from time to time about current interest rates for your Macquarie Business Savings Account or how interest is calculated and applied to your Macquarie Business Savings Account via the URL addresses above forms part of these Terms and Conditions.

Sometimes we may offer bonus interest or promotional interest in respect of an Account. These offers may be subject to separate terms and conditions. If you are eligible for a bonus interest or promotional interest offer, we will provide you with any terms and conditions for the offer at the time you apply for the Account or take up the offer.


2.2. Fees & Charges

We don’t charge fees on the Macquarie Business Savings Account. Other organisations, such as companies and financial institutions involved in processing international transfer requests, may charge you fees for these transactions.

If we incur any government tax, duty or other charge imposed by law in respect of your Account or its operation, you must pay us an amount equal to the charge. You authorise us to debit any such amount to your Account.

3. Opening an Account

3.1. Who can open an Account?

The Macquarie Business Savings Account is available to Australian Businesses that are proprietary companies or sole traders and is designed for customers who, at the point of acquiring the product, require an account for business use.

To open an account, the Primary Applicant must be 15 years of age or older, have an Australian driver’s licence or passport, and either be:

  • the director of a proprietary company, or
  • a sole trader.

To open (and keep open) an Account, all Applicants must have:

  • a permanent Australian residential address
  • an Australian mobile phone number, and
  • a valid email address.

This is a digital-only account and therefore you must have internet access and an electronic device to operate this product.

There are further eligibility requirements to opening an Account, which form part of the application process. Additionally, you cannot open or keep open an Account where we reasonably consider you to be a financial institution.


3.2 Acknowledgement and warranty as to business purpose

You acknowledge that the Account is available for business use only and warrant that you are establishing the Account primarily for business purposes.


3.3 Number of Accounts

A Business may have one open Account at any one time and if a Business Customer has more open Accounts, we may place a stop on those Accounts in accordance with section 8 (Stopping and closing your Account).


3.4 Directors

This section 3.4 (Directors) only applies if your Account is held in the name of a company.

You authorise and instruct us to follow any instructions given by any director(s) at all times unless we have been notified of a dispute involving one or more directors, in which case we may take such steps as we consider reasonable in the circumstances, which may include requiring all transactions to be approved by two or more directors.

Any director on an Account may:

  • access information about the Account
  • make withdrawals and payments from the Account using any method agreed by us (including, without limitation, Online Banking and Mobile Banking)
  • change details on the Account, and/or
  • close the Account.


3.5 Tax File Number (TFN)

You may need to pay tax on interest earned on your Account. We recommend that you seek independent tax advice.

If you have a TFN or Australian business number (ABN), you may quote it to us when you open an interest bearing Account or at a later time of your choosing. Macquarie is authorised to collect individual's TFNs under the Income Tax Assessment Act 1936 (Cth). 

It is not compulsory for you to supply us with your TFN and it is not an offence if you decline to quote your TFN to us. However if you do not supply us with your TFN or an exemption status or quote your ABN, then we are required by law to deduct withholding tax from any interest earned on your Account at the highest applicable marginal tax rate, plus the Medicare Levy, and forward this amount to the Australian Taxation Office (ATO).

If you tell us your TFN, we are required by law to pass it on to the ATO. We will not tell anyone else your TFN and will keep it confidential. We will comply with the guidelines set down by the Privacy Commissioner and we will not use your TFN for any purpose other than as required by this section 3.5 (Tax File Number).

Where the ATO is satisfied that a TFN is not the correct one, the ATO may notify us of that fact and:

  • substitute the correct TFN, or
  • remove the incorrect TFN.

Where the TFN is removed, withholding tax may be charged until the correct TFN is provided.

If we deduct withholding tax in error from your investment distribution or interest income (for example, you quoted your TFN but we failed to record it) and this is discovered before 30 June of the current tax year, we may refund to you the amount of withholding tax previously deducted and correct all reporting provided to the ATO for tax purposes.

If we deduct withholding tax from your investment distribution or interest income because you chose not to quote your TFN, you forgot to do so, or an error was discovered post 30 June of the relevant tax year, we will not refund you the amount of withholding tax previously deducted. In these circumstances you may be able to claim a credit for the withholding tax in your income tax return and we recommend you seek independent financial advice.

Where you are not a resident of Australia for income tax purposes or you have an address outside of Australia recorded, we will deduct withholding tax from interest earned on your Account at the rate of 10%.

4. Operating your account

You (including any director and Authorised Third Party) can access the Account through Macquarie Online Banking and Mobile Banking (Electronic Banking) using your Macquarie ID. These services are subject to the separate terms and conditions set out in the Macquarie Electronic Banking Terms and Conditions.


4.1. How can I make deposits?

You can make deposits to your Account using:

  • Electronic deposits – between your Macquarie accounts or from an account held with another financial institution by quoting your BSB and Account number.
  • Direct credits – automatic deposits of funds into your Account.
  • NPP Payments – receive deposits into your Account by providing your PayID (for example, your mobile number) or by quoting your BSB and Account number. Registering a PayID with Macquarie and linking it to your Account is optional.

Information on how to use each of these deposit methods is available online and within FAQs.

All deposits to your Account must be made in Australian dollars (AUD). If, contrary to these terms, you attempt to make deposits to your Account by any method other than those set out above and we permit that deposit to be processed, such deposits will be subject to any of our terms and conditions that Macquarie reasonably determines usually apply to the method of deposit used.


4.2. How can I make payments?

You can make payments with funds in your Account using:

  • Internal Transfers – made via Electronic Banking between your Macquarie accounts.
  • Pay Anyone Payments – from your Macquarie account to an account held with another Australian bank. Pay Anyone Payments may be processed via direct entry (including scheduled and recurring payments) or via NPP.
  • BPAY – make payments to BPAY Billers from your Account.
  • PayID Payments – make NPP Payments from your Account to a PayID.
  • Direct Debit – you can authorise a business or individual to debit funds from your Account (including on a regular basis) by quoting your BSB and Account number.
  • PayTo Payments – you can authorise a merchant or third party payment service provider to debit funds from your Account (including on a regular basis) by establishing a Payment Agreement and providing them with your BSB and Account number and/or PayID

Other options may be available upon request.


4.3. Direct Debits

If you wish to cancel or make alternate payment arrangements for a Direct Debit, you should contact us as soon possible and we will arrange to stop or alter the Direct Debit. We cannot accept a request to stop a Direct Debit payment once we have debited the payment to your Account.

We suggest that you also contact the other party directly.

It is your responsibility to ensure that you have sufficient cleared funds in your Account to meet any Direct Debit payment authorised by you.


4.4. Updating your details with us

You confirm that all information provided to us in connection with your Account, either in your application or otherwise (including information relating to FATCA Laws or CRS Laws), is true and correct to the best of your knowledge at the time of providing the information.

You must notify us as soon as possible of any change in your particulars, including any changes to your name, contact details, mobile phone number, business name, entity type, ownership or related parties, your business jurisdiction or industry, or any tax information.

See our Help Centre on what information we require and how to notify us. For updates to your business structure please see this Help Centre article.

Please note: Some changes may make the Business ineligible for an Account, such as legal entity type or industry.

If you fail to keep your details up to date, then you may not receive communications and notices from us and you are responsible for any losses that flow from that.


4.5. Statements

Statements will be automatically issued every six months electronically and are available through Electronic Banking. You can also view your transaction history and perform transaction searches based on defined periods via Electronic Banking.

We will not issue you with paper statements for your Account.

You should:

  • check each entry on your statements carefully,
  • contact us promptly if you believe any entries or transactions are incorrect or not authorised, and
  • contact us if you require statements more frequently.

If you wish to query or dispute a transaction or an entry on a statement, please contact us.


4.6 Financial difficulty

If you get into financial difficulty, you should tell us promptly. We will discuss your situation and options with you. It is important that you are honest and open about your financial situation when discussing it with us. 


4.7 PayTo

PayTo is a digital alternative to direct debits that allows you to establish and authorise Payment Agreements with merchants or third-party service payment providers who offer PayTo as a payment option. Refer to the PayTo conditions of use and associated definitions within the Electronic Banking Terms and Conditions for more information.

It is your responsibility to ensure that the details of your Payment Agreement(s) are correct and that you have sufficient cleared funds in your Account to meet the requirements of all your Payment Agreement(s).

5. Security requirements

Security of your Passcodes, Devices and access to them is of utmost importance to help reduce both your and our liability for unauthorised transactions.

Please refer to the Electronic Banking Terms and Conditions for information on your and our liability for unauthorised transactions and what you should do to help keep your banking secure.

6. Adjustments

6.1. Adjustments of debits and credits

Acting reasonably and in good faith, we may adjust debits and credits to your Account and/or the balance of your Account in order to accurately reflect your and our legal obligations (for example, because of an error or if a direct credit payment is dishonoured). If we do this, we may make consequential adjustments to the interest credited to your Account.


6.2. Special promotions

Without limiting the above, if you use a special promotion in connection with your Account in a way that we reasonably determine is not in good faith or involves gaming or otherwise taking excessive advantage of the special promotion in a manner we reasonably consider is inconsistent with the intent of the promotion, in addition to stopping or closing your account under section 8 (Stopping and closing your Account), you authorise us to reclaim any amounts paid to you in connection with the special promotion by debiting your Account and/or by following the process set out in section 6.3 (Set-off and combining accounts).


6.3. Set-off and combining accounts

If you have more than one account with us and any one of those accounts has a negative balance or otherwise has amounts due and payable (or another amount is otherwise payable by you to us) while one or more other accounts have credit balances (including money available for redraw), you irrevocably request and authorise us to appropriate from one or more of those Accounts to pay some or all of the amounts due and payable. We are not obliged to do this and your obligation to pay all amounts will not change if we do not take these actions.

We will promptly inform you if we have taken any of the actions above, but we do not need to notify you in advance.

You should not treat your Accounts as combined unless we have notified you of the combination.

7. Data sharing and third parties

7.1. Third party access

You may request an Authorised Third Party to access your Account by contacting us and completing the applicable Third Party Authority Form, which will be made available to you in limited circumstances and at our discretion. Additional terms and conditions also appear on the form.

If you authorise a third party to access your Account, you must ensure that, where relevant, they comply with these terms and conditions. A nominated Authorised Third Party must also meet our eligibility requirements.

You should carefully consider who you appoint as a third party on your Account as we will (subject to the terms and conditions of the authority) follow their instructions as if they were yours. It is important that you understand this risk. You will be liable for any transactions effected by an Authorised Third Party on your Account within the authority you gave them.


7.2. Instructing us to send your Account information to a third party

We may accept instructions from you to send a copy of your Account information (which may include personal information) to a third party outside of Macquarie. Separate terms may apply.

Unless otherwise required by law, we accept no responsibility for acts or failures of the third party or for any loss or damage suffered by you as a result of us sharing your Account information with the third party in accordance with your instructions. 

You can contact us at any time to change or terminate your instructions.

Subject to the requirements of any law, we may suspend, cease to follow, or terminate any such instructions for any reasonable cause without notice to you.

8. Stopping and closing your Account

8.1. Stopping your Account

Sometimes we may need to place a stop on your Account. When we apply a stop to your Account it means that you will not be able to transact on your Account.

Alternatively, we may block a proposed transaction (or type of transaction) on your Account, rather than stopping all transactions on your Account.

In addition to any of the other circumstances specified in these terms and conditions, we may place a stop on your Account or block a transaction (or type of transaction) if:

  • you breach, or we suspect you have breached, these terms and conditions in a manner we reasonably consider involves a material risk to us
  • a third party you have appointed to access your Account breaches, or we suspect they have breached, these terms and conditions or the terms of their appointment conditions in a manner we reasonably consider involves a material risk to us or to you
  • you do not provide us with any information that we have reasonably asked you to provide and we reasonably consider creates a material risk to us or prevents us from complying with our legal or regulatory obligations or compliance policies
  • we are notified of your death, bankruptcy, insolvency or loss of capacity
  • you are the recipient of a mistaken payment into your Account, however, limited to preserving funds in the account to the value of the mistaken payment
  • we reasonably determine that your use of a special promotion or other offer in connection with your Account is not in good faith or involves gaming or otherwise taking excessive advantage of the special promotion in a manner we reasonably consider is inconsistent with the intent of the promotion
  • we reasonably believe it necessary in order to prevent the occurrence of fraud or unlawful transactions
  • we reasonably believe your Account or PayID is being used in a way that may cause loss to you or us (including, without limitation, where unauthorised transactions have been reported on the Account)
  • we know, or reasonably suspect, or you advise us, that your Account, PayID, Device or Passcode are no longer secure or are being used for fraudulent or unlawful transactions
  • your Account has a negative (debit) balance
  • we become aware of any dispute which we reasonably believe has a bearing on the Account until this dispute has been resolved to our reasonable satisfaction (for example, a dispute as to who may operate or owns the Account)
  • we become aware of a technical issue with your Account which requires us to cease any transaction on the Account and/or to close your Account
  • you behave in a way towards our staff, our service providers or other customers that we reasonably consider to be inappropriate
  • we are entitled to under, or required to by, law (including, without limitation, any Anti-Money Laundering or Counter-Terrorism Financing laws and sanctions) or a court order
  • we reasonably believe that you are using your Account in a way that could damage the business operations or reputation of the Macquarie Group
  • we identify that your payments may have been sent with unwanted, threatening and/or abusive payment descriptions
  • we identify that another party has opened the Account on your behalf, or
  • you provide us with information that does not belong to you such as an email or mobile phone number.

We will act reasonably in relation to any decision to place a stop on an Account.


8.2. Closing your Account

You can close your account in Online Banking or Mobile Banking, or by contacting us. Before we agree to close your Account, you must pay any amount which may be owing to us.

We may close your Account:

  • if you have not used or made any transactions on your Account in the last 6 months and the account has a nil balance
  • if you have not used your Account within the first 30 days from Account opening
  • if the balance of your account becomes subject to unclaimed monies requirements, or
  • for any of the reasons set out in section 8.1 (Stopping your Account) or section 3.1 (Who can open an Account?), or
  • for any other reason we reasonably consider appropriate.

We will act reasonably in relation to any decision to close an Account, and in accordance with applicable laws and industry codes.

If we close your Account, we will pay you the credit balance of your Account along with any accrued interest (where permitted by law) after all transactions and fees and charges have been debited to your Account.

If your Account is closed, you will be liable for any transactions that were not processed, or that occur, on your Account on or after the Account is closed, as well as any unpaid fees or other costs associated with your Account.

If your Account is closed, make sure you notify anyone who either directly debits or credits your Account.

9. Changes to these terms and conditions

We may change these terms and conditions at any time:

  • so long as we act reasonably, and
  • in accordance with the law and any codes of conduct to which we subscribe.

We will notify you of any changes we make as set out in the following table:

Type of change 

Time frame

Method of notice 

Change in an interest rate 

No later than the day of the change 

Electronically or by press advertisement 

Introduction of a new fee or increasing an existing fee 

30 days before the change takes effect 


Change the method by which interest is calculated or the frequency it is debited or credited

Imposing, removing or adjusting a daily or other periodical transaction limits or a change that increases your liability for losses relating to electronic transactions

Government charges 

In advance of the change, or as soon as practicable afterwards, unless the change has been publicised by the Government

Electronically or by press advertisement 

Change to any other term or condition 

30 days before the change takes effect if the change is unfavourable to you

Otherwise on or before the day the change takes effect

Refer to section 1.3 (How we’ll communicate with you) for more information on how we send you notices.

We do not have to provide you with advance notice of a change if the change is required to restore or maintain the security of a system or Account.

If these terms and conditions state that we may do something immediately or without notice, the above notice periods will not apply.

If you are not satisfied with any change or variation to these terms and conditions then you may choose to close your Account. We will not charge you a termination or account closing fee, however termination of your Account will be subject to all outstanding obligations under these terms and conditions being duly discharged.

10. General information

(a) Unclaimed money

If your Account has a balance of $500 or more (or such other amount as is prescribed under applicable laws from time to time) and you have not transacted on that Account for seven (7) years, and you or an Authorised Third Party have not notified us within this seven year period that your Account is to remain active, then we are required by law to close your Account and remit the balance of your Account to the Commonwealth Government.

Whilst you can reclaim your money from the Commonwealth Government at any time, we suggest that your Account is operated regularly or you contact us to avoid this inconvenience.

More information on unclaimed money can be found on the Australian Securities and Investments Commission’s (ASIC) website at

There may be other situations where we are legally required to close your Account and remit the balance of your Account to the Commonwealth Government or to ASIC, such as where a company that holds the Account is deregistered.


(b) Financial Claims Scheme (FCS) 

Under the FCS (commonly referred to as the Australian Government deposit guarantee) administered by the Australian Prudential Regulation Authority (APRA), the Australian Government has provided a guarantee on deposits subject to a limit for each account holder. In some circumstances, you may be entitled to payment under the FCS. Further information about the FCS can be obtained from the APRA websites at and or by calling the APRA hotline on 1300 558 849 (or +61 2 8037 9015 if calling from overseas).


(c) Banking Code of Practice

The Banking Code of Practice (BCOP) is an industry code which sets standards of good banking conduct. The relevant provisions of the BCOP will apply to this banking service if you are an individual or a small business (as defined in the BCOP).


(d) Exercise of our rights and waiver

Our rights can only be waived in writing. We may exercise any right, remedy or power in any way we choose. If we decide not to exercise a right, remedy or power this does not mean we cannot exercise it later.


(e) Severance

If any section or clause of these terms and conditions becomes void or unenforceable under any applicable law in any State or Territory, then that section or clause will be removed from these terms and conditions in so far as that State or Territory is concerned. The removal of any section or clause will not affect the remaining provisions of these terms and conditions nor will it affect the validity or enforceability of that section or clause in any other State or Territory.


(f) Anti-Money Laundering and Counter-Terrorism Financing obligations

You must not knowingly do anything to put Macquarie in breach of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, rules and other subordinate instruments (AML/CTF Laws). You will notify us if you are aware of anything that would put us in breach of AML/ CTF Laws.

If requested, you must provide additional information and assistance and comply with all reasonable requests to facilitate Macquarie’s compliance with AML/CTF Laws in Australia, an equivalent law in an overseas jurisdiction, and/or our internal policies and procedures.

You confirm that you are not aware and have no reason to suspect that:

  1. any deposit to your Account is derived from or related to money laundering, terrorism financing or similar activities (Illegal Activities), or
  2. proceeds of withdrawals from your Account will fund Illegal Activities.

You acknowledge that Macquarie is subject to AML/ CTF Laws and/or its internal policies and procedures. In making an application, you consent to Macquarie disclosing in connection with complying with AML/CTF Laws and/or its internal Anti-Money Laundering and Counter-Terrorism Financing policies and procedures any of your Personal Information (as defined in the Privacy Act 1988 (Cth)) Macquarie has.

You acknowledge that in certain circumstances we may be obliged to freeze or block your Account where it is used in connection with illegal activities or suspected illegal activities. Freezing or blocking can arise as a result of the account monitoring that is required by AML/ CTF Laws and/or our internal policies and procedures. If we freeze or block your Account because we believe on a reasonable basis that we are required to do so in order to comply with AML/CTF Laws and/or our internal policies and procedures, we are not liable to you for any consequences or losses whatsoever, except to the extent such liability arose from our mistake, fraud, negligence or wilful misconduct.


(g) Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) obligations

You must not knowingly do anything to put us in breach of:

  1. sections 1471 to 1474 of the US Internal Revenue Code of 1986 (commonly known as FATCA), any associated regulations or official guidance, any agreement with the US Internal Revenue Service relating to FATCA or any Australian laws, regulations or official guidance relating to an intergovernmental agreement between the United States and Australia in connection with FATCA (FATCA Laws) or our internal policies and procedures; or
  2. our obligations in relation to CRS under the Taxation Administration Act 1953 (Cth), any associated regulations or official guidance, the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Account Information or any Australian laws, regulations or official guidance in connection with CRS (CRS Laws) or our internal policies and procedures.

You acknowledge that we retain the right not to provide products or services where information has not been provided as required to comply with FATCA Laws or CRS Laws.

11. How to make a complaint

Please contact us if you have a concern or complaint.

To contact us please visit

If you have a privacy related question or complaint, please email and mark communications to the attention of our Privacy Officer.

The Customer Advocate

The Customer Advocate’s role is to:

  • listen to our customers and provide a customer-centric voice when making recommendations to improve customer experience
  • minimise the risk of future problems by reviewing key customer themes, and
  • work with Macquarie complaint teams to promote fair and reasonable customer outcomes

The Macquarie Customer Advocate is separate to Macquarie’s operating, risk and support groups including its internal dispute resolution teams.

The Macquarie Customer Advocate can be contacted at:

The Customer Advocate

Macquarie Group Limited
GPO Box 4294
Sydney NSW 1164

What to do if you feel your complaint has not been resolved

If you have raised your concerns with our Client Care team, and you are not satisfied with the outcome proposed or you believe that we have not resolved your complaint fairly, then you can request to have your complaint reviewed free of charge by the Australian Financial Complaints Authority (AFCA).

AFCA is an independent external complaints handling body approved for this purpose by ASIC. This service is available to individuals and small businesses and is free of charge.

AFCA may be contacted at:

Australian Financial Complaints Authority

GPO Box 3, Melbourne VIC 3001

Telephone: 1800 931 678


We are bound by whatever AFCA decides. However, if you do not agree with AFCA’s determination you are not bound by it and you can take the matter to court if you wish.

12. Limitation of Liability

To the extent permitted by applicable law or industry code, we are not responsible for losses incurred due to any:

  • arrangement or transaction which is conducted or processed by us on your behalf and as instructed by you or any Authorised Third Party
  • delay or failure in processing a transaction on your behalf, or
  • instructions which we consider to be properly authorised, acting reasonably, that we have acted on which are later determined to be unauthorised, 

except to the extent it arises from our fraud, negligence, or wilful misconduct.

13. Definitions

Account means a Macquarie Business Savings bank account.

Additional Applicant means any individual that is not the Primary Applicant but is a director of the Business Customer.  

Applicant means each Primary Applicant and Additional Applicant.

Authorised Third Party means a person authorised by you, and permitted by us in accordance with section 7.1 (Third party access), to access and/or transact on your Account(s), including via Electronic Banking.

Business means a proprietary company or sole trader registered in Australia with an Australian Business Number (ABN) and having its registered address in Australia.

Business Customer means the Business which owns the Account.

Internal Transfer means an electronic funds transfer service to any of your Macquarie Accounts available via Electronic Banking.

Primary Applicant means an individual who is a sole trader or a director of the Business Customer and initiates the Account application.

We, us or Macquarie refers to Macquarie Bank Limited ABN 46 008 583 542, AFSL 237502.

You means the Business Customer. In the case of an Account in the name of a company, “you” also includes directors (jointly and severally) where the context requires. Any other grammatical form of "you" has a corresponding meaning. Wherever such forms of “You” are used throughout these Terms and Conditions the relevant obligation or requirement also applies to any Authorised Third Parties, as applicable and as the context requires.


Please refer to the Electronic Banking Terms and Conditions for any defined terms which are not listed above.