Source: http://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s9.html
Timestamp: 2019-02-16 04:12:41
Document Index: 452692432

Matched Legal Cases: ['art 5', 'art 5', 'art 2', 'art 9', 'art 5', 'art 2', 'art 9', 'art 5', 'art 2', 'art 5', 'art 5', 'art 5', 'art 5', 'art 10', 'art 2', 'art 2', 'art 5', 'art 5', 'art 5', 'art 5', 'art 5', 'art 5', 'art 5', 'art 5', 'art 5', 'art 5', 'art 6', 'art 5', 'art 5', 'art 6', 'art 5', 'art 5', 'art 5']

"AASB " means the Australian Accounting Standards Board.
"ABN " (short for "Australian Business Number") has the meaning given by section 41 of the A New Tax System (Australian Business Number) Act 1999 .
"Aboriginal and Torres Strait Islander corporation " means a corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 .
"accounting standard " means:
"ACN " (short for "Australian Company Number") is the number given by ASIC to a company on registration (see sections 118 and 601BD).
"acquire " , in relation to financial products, when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"act " includes thing.
"administration " , in relation to a company, has the meaning given by section 435C.
"administrator " :
(iii) if 2 or more persons are appointed under that Part as administrators of the body or entity--has a meaning affected by paragraph 451A(2)(b); or
(ii) if 2 or more persons are appointed under that Part as administrators of the deed--has a meaning affected by paragraph 451B(2)(b).
"admit to quotation " : financial products are admitted to quotation on a market if the market operator has given unconditional permission for quotation of the financial products on the market.
"affairs " , in relation to a body corporate, has, in the provisions referred to in section 53, a meaning affected by that section.
"affidavit " includes affirmation.
"agency " means an agency, authority, body or person.
"aggregated turnover " has the same meaning as in the Income Tax Assessment Act 1997.
"AGM " means an annual general meeting of a company that section 250N requires to be held.
"agreement " , in Chapter 6 or 7, means a relevant agreement.
"amount " includes a nil amount and zero.
"ancillary offence " , in relation to another offence, means an offence against:
"annual transparency report " has the meaning given by subsection 332A(2).
"application facility " , in relation to a CSF offer, has the meaning given by subsection 738ZA(3).
"approved stock exchange " has the same meaning as in the Income Tax Assessment Act 1997.
"APRA " means the Australian Prudential Regulation Authority.
"arbitrage transaction " means a purchase or sale of financial products effected in the ordinary course of trading on a financial market together with an offsetting sale or purchase of those financial products effected at the same time, or at as nearly the same time as practicable, in the ordinary course of trading on another financial market for the purpose of obtaining a profit from the difference between the prices of those financial products in the 2 financial markets.
"ARBN " (short for "Australian Registered Body Number") is the number given by ASIC to a registrable body on registration under Part 5B.2.
"arrangement " , in Part 5.1, includes a reorganisation of the share capital of a body corporate by the consolidation of shares of different classes, by the division of shares into shares of different classes, or by both of those methods.
"ARSN " (short for "Australian Registered Scheme Number") is the number given by ASIC to a registered scheme on registration (see section 601EB).
"ASIC " means the Australian Securities and Investments Commission.
"ASIC Act " means the Australian Securities and Investments Commission Act 2001 and includes the regulations made under that Act.
"ASIC database " means so much of the national companies database kept by ASIC as consists of:
"assets " , in relation to a financial services licensee, means all the licensee's assets (whether or not used in connection with the licensee's Australian financial services licence).
"associate " has the meaning given by sections 10 to 17.
"associated entity " has the meaning given by section 50AAA.
"AUASB " means the Auditing and Assurance Standards Board.
"audit " means an audit conducted for the purposes of this Act and includes a review of a financial report for a financial year or a half-year conducted for the purposes of this Act.
"audit activity " : see the definition of engage in audit activity .
"audit company " means a company that consents to be appointed, or is appointed, as auditor of a company or registered scheme.
"audit-critical employee " , in relation to a company, or the responsible entity for a registered scheme, that is the audited body for an audit, means a person who:
"audited body " , in relation to an audit of a company or registered scheme, means the company or registered scheme in relation to which the audit is, or is to be, conducted.
"audit firm " means a firm that consents to be appointed, or is appointed, as auditor of a company or registered scheme.
"auditing standard " means:
"auditor independence requirements of this Act " means the requirements of Divisions 3, 4 and 5 of Part 2M.4.
"Australia " , when used in a geographical sense, does not include an external Territory.
"Australian ADI " means:
"Australian bank " means an Australian ADI that is permitted under section 66 of the Banking Act 1959 to assume or use:
"Australian carbon credit unit " has the same meaning as in the Carbon Credits (Carbon Farming Initiative) Act 2011 .
"Australian court " means a federal court or a court of a State or Territory.
"Australian CS facility licence " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"Australian derivative trade repository licence " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"Australian financial services licence " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"Australian law " means a law of the Commonwealth or of a State or Territory.
"Australian market licence " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"Australian member " : a person is an Australian member of a notified foreign passport fund if:
"Australian passport fund " means a managed investment scheme:
"Australian register " of a foreign company means a branch register of members kept under section 601CM.
"authorised audit company " means a company registered under Part 9.2A.
"banking corporation " means a body corporate that carries on, as its sole or principal business, the business of banking (other than State banking not extending beyond the limits of the State concerned).
"base prospectus " has the meaning given by subsection 713C(1).
"base salary " has the meaning specified in regulations made for the purposes of this definition.
"begin " , in relation to a winding up, has the meaning given by Division 1A of Part 5.6.
"benchmark administrator licence " means a licence granted under section 908BC.
"benchmark administrator licensee " means a person who holds a benchmark administrator licence.
"benefit " :
(b) when used in Division 2 of Part 2D.2 (sections 200 to 200J)--has the meaning given by section 200AB.
"bid class " of securities for a takeover bid is the class of securities to which the securities being bid for belong.
"bidder " for a takeover bid means the person who makes or proposes to make, or each of the people who make or propose to make, the offers under the bid (whether personally or by an agent or nominee).
"bidder's statement " means a bidder's statement under sections 636 and 637 as supplemented.
"bid period " :
(a) for an off-market bid--starts when the bidder's statement is given to the target and ends:
(b) for a market bid--starts when the bid is announced to the relevant financial market and ends at the end of the offer period.
"Board " , when used in Part 9.2, means the Companies Auditors Disciplinary Board.
"board limit " means a limit described in section 201N.
"board limit resolution " means a resolution described in paragraph 201P(1)(a).
"body " means a body corporate or an unincorporated body and includes, for example, a society or association.
"body corporate " :
"body regulated by APRA " has the meaning given by subsection 3(2) of the Australian Prudential Regulation Authority Act 1998 .
"books " includes:
"borrower " , in relation to a debenture, means the body that is or will be liable to repay money under the debenture.
"business affairs " , in relation to an entity, has a meaning affected by sections 53AA, 53AB, 53AC and 53AD.
"business day " means a day that is not a Saturday, a Sunday or a public holiday or bank holiday in the place concerned.
"Business Names Register " means the Register established and maintained under section 22 of the Business Names Registration Act 2011.
"buy-back " by a company means the acquisition by the company of shares in itself.
"buy-back agreement " by a company means an agreement by the company to buy back its own shares (whether the agreement is conditional or not).
"Capital Territory " means the Australian Capital Territory and the Jervis Bay Territory.
"carry on " has a meaning affected by Division 3.
"cash management trust interest " means an interest that:
"cause " includes procure.
"certified " means:
(a) in relation to a copy of, or extract from, a document--certified by a statement in writing to be a true copy of, or extract from, the document; or
(b) in relation to a translation of a document--certified by a statement in writing to be a correct translation of the document into English.
"charge " means a charge created in any way and includes a mortgage and an agreement to give or execute a charge or mortgage, whether on demand or otherwise.
"chargeable matter " has the same meaning as in the Corporations (Fees) Act 2001 .
"chargee " means the holder of a charge and includes a person in whose favour a charge is to be given or executed, whether on demand or otherwise, under an agreement.
"child " : without limiting who is a child of a person for the purposes of this Act, someone is the child of a person if he or she is a child of the person within the meaning of the Family Law Act 1975 .
"circulating security interest " has the meaning given by section 51C.
"civil matter " means a matter other than a criminal matter.
"civil penalty order " means any of the following:
(c) a compensation order under section 961M, 1317H, 1317HA, 1317HB, 1317HC or 1317HE;
"civil penalty provision " has the meaning given in subsection 1317E(1).
"class " has:
(b) in relation to shares or interests in a managed investment scheme--a meaning affected by section 57; and
(c) when used in relation to securities for the purposes of Chapter 6, 6A or 6C--a meaning affected by subsection 605(2).
"clearing and settlement facility " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"close associate " of a director means:
"closed " , in relation to a CSF offer, has the meaning given by subsection 738N(3).
"closely related party " of a member of the key management personnel for an entity means:
"coastal sea " :
(a) in relation to Australia--means:
(b) in relation to a State or Territory--means so much of the coastal sea of Australia as is within the area described in Schedule 1 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006 under the heading that refers to that State or Territory.
"commence " , in relation to a winding up, has the meaning given by Division 1A of Part 5.6.
"commencement " , in relation to an accounting standard, means:
(a) in the case of an accounting standard as originally in effect--the time when the accounting standard took effect; or
(b) in the case of an accounting standard as varied by a particular provision of an instrument made under section 334--the time when that provision took effect.
"Commission delegate " has the same meaning as in the ASIC Act.
"Commonwealth authority " means an authority or other body (whether incorporated or not) that is established or continued in existence by or under an Act.
"communication facility " , in relation to a CSF offer, has the meaning given by subsection 738ZA(5).
"company " means a company registered under this Act and:
"company limited by guarantee " means a company formed on the principle of having the liability of its members limited to the respective amounts that the members undertake to contribute to the property of the company if it is wound up.
"company limited by shares " means a company formed on the principle of having the liability of its members limited to the amount (if any) unpaid on the shares respectively held by them.
"compelled financial benchmark rules " means rules made under section 908CD.
"complete " , in relation to a CSF offer, has the meaning given by subsection 738N(7).
"compliance period " for an infringement notice has the meaning given by section 1317DAA.
"condition " , in relation to a licence, means a condition or restriction to which the licence is subject, or will be subject, as the case requires.
"connected entity " , in relation to a corporation, means:
"consolidated entity " means a company, registered scheme or disclosing entity together with all the entities it is required by the accounting standards to include in consolidated financial statements.
"constitution " means (depending on the context):
(a) a company's constitution, which (where relevant) includes rules and consequential amendments that are part of the company's constitution because of the Life Insurance Act 1995 ; or
Note 1: The Life Insurance Act 1995 has rules about how benefit fund rules become part of a company's constitution. They override this Act. See Subdivision 2 of Division 4 of Part 2A of that Act.
"continuous disclosure notice " means:
"continuously quoted securities " are securities that:
(iii) no order under section 340, 340A, 341 or 341A covered the entity, or any person as director or auditor of the entity;
"contribution plan " means a plan in respect of which the following conditions are met:
"contributory " means:
(ii) for a company with share capital--a holder of fully paid shares in the company; and
(iii) before the final determination of the persons who are contributories because of subparagraphs (i) and (ii)--a person alleged to be such a contributory; and
(ii) before the final determination of the persons who are contributories by virtue of that section--a person alleged to be such a contributory; and
(c) in relation to a no liability company--subject to subsection 254M(2), a member of the company.
"control " has the meaning given by section 50AA.
"control day " , in relation to a controller of property of a corporation, means:
(i) in the case of a receiver, or receiver and manager, of that property--the day when the receiver, or receiver and manager, was appointed; or
(ii) in the case of any other person who is in possession, or has control, of that property for the purpose of enforcing a security interest--the day when the person entered into possession, or took control, of property of the corporation for the purpose of enforcing that security interest; or
"controller " , in relation to property of a corporation, means:
"convertible note " has the same meaning as in Division 3A of Part III of the Income Tax Assessment Act 1936 .
"convertible securities " : securities are convertible into another class of securities if the holder may have the other class of securities issued to them by the exercise of rights attached to those securities. An option may be a convertible security even if it is non-renounceable.
"corporation " has the meaning given by section 57A.
"corporation/scheme civil penalty provision " has the meaning given by section 1317DA.
"Corporations legislation " means:
"court " has the meaning given by section 58AA .
"Court " has the meaning given by section 58AA.
"court of summary jurisdiction " means any justice or justices of the peace or other magistrate sitting as a court for the making of summary orders or the summary punishment of offences:
"creditors' voluntary winding up " means a winding up under Part 5.5, other than a members' voluntary winding up.
"CSF " is short for crowd-sourced funding.
"CSF audit threshold " means:
(a) unless paragraph (b) applies--$3 million; or
"CSF intermediary " has the meaning given by section 738C.
"CSF offer " has the meaning given by section 738B.
"CSF offer document " , in relation to a CSF offer, has the meaning given by subsection 738J(1).
"CSF shareholder " , of a proprietary company, means an entity that holds one or more securities of the company due to being issued with the securities pursuant to a CSF offer by the company.
"current market bid price " for securities covered by a market bid is the price specified in the announcement of the bid as increased or decreased during the offer period.
"custodial or depository service " that a person provides has the meaning given by section 766E.
"daily newspaper " means a newspaper that is ordinarily published on each day that is a business day in the place where the newspaper is published, whether or not the newspaper is ordinarily published on other days.
"date " of a takeover bid is:
(a) for an off-market bid--the date on which offers are first made under the bid; or
(b) for a market bid--the date on which the bid is announced to the relevant financial market.
"deal " :
(a) in relation to a futures contract--has the meaning given by Division 4; and
(b) in relation to securities--subject to subsection 93(4), means (whether as principal or agent) acquire, dispose of, subscribe for or underwrite the securities, or make or offer to make, or induce or attempt to induce a person to make or to offer to make, an agreement:
"dealing " , in relation to financial products, when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"debenture " of a body means a chose in action that includes an undertaking by the body to repay as a debt money deposited with or lent to the body. The chose in action may (but need not) include a security interest over property of the body to secure repayment of the money. However, a debenture does not include:
"decision period " , for a secured party in relation to a security interest in property (including PPSA retention of title property) of a company under administration, means the period beginning on the day when:
(a) if notice of the appointment of the administrator must be given to the secured party under subsection 450A(3)--such notice is so given; or
(b) otherwise--the administration begins;
"declaration of indemnities " , in relation to an administrator of a company under administration, means a written declaration:
"declaration of relevant relationships " has the meaning given by section 60.
"deductible gift recipient " has the same meaning as in the Income Tax Assessment Act 1997 .
"deed " includes a document having the effect of a deed.
"deed of company arrangement " means a deed of company arrangement executed under Part 5.3A or such a deed as varied and in force from time to time.
"defeating condition " for a takeover bid means a condition that:
"defect " , in relation to a statutory demand, includes:
"defective " , in relation to a CSF offer document, has the meaning given by subsection 738U(1).
"deregistered " means:
(a) in relation to a company--deregistered under Chapter 5A; and
(b) in relation to any other body corporate--deregistered in a way that results in the body corporate ceasing to exist.
"derivative " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"derivative trade repository rules " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"derivative transaction rules " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
Note: Paragraph (b)--Contrary intention--Examples of provisions for which a person referred to in paragraph (b) would not be included in the term "director" are:
* section 249C (power to call meetings of a company's members)
* subsection 251A(3) (signing minutes of meetings)
* section 205B (notice to ASIC of change of address).
"disclosing entity " has the meaning given by section 111AC.
"disclosure document " for an offer of securities means:
"dispose " has a meaning affected by the following paragraphs:
"domestic corporation " means a corporation that is incorporated or formed in Australia or an external Territory.
"ED securities " has the meaning given by section 111AD.
"eligible applicant " , in relation to a corporation, means:
"eligible CSF company " has the meaning given by section 738H.
"eligible employee creditor " , in relation to a company, means a creditor whose debt or claim would, in a winding up of the company, be payable in priority to other unsecured debts and claims in accordance with paragraph 556(1)(e), (g) or (h) or section 560 or 561.
"eligible employee share scheme " means an employee share scheme for a body corporate in respect of which the following conditions are met:
"eligible international emissions unit " has the same meaning as in the Australian National Registry of Emissions Units Act 2011 .
"eligible money market dealer " means a body corporate in respect of which a declaration is in force under section 65.
"emoluments " means the amount or value of any money, consideration or benefit given, directly or indirectly, to a director of a body corporate in connection with the management of affairs of the body or of any holding company or subsidiary of the body, whether as a director or otherwise, but does not include amounts in payment or reimbursement of out-of-pocket expenses incurred for the benefit of the body.
"employee share scheme " for a company means a scheme under which shares (or units in shares or options to acquire unissued shares) in the company or a holding company may be acquired:
"employee share scheme buy-back " means a buy-back under a scheme that:
"enforce " , in relation to a security interest in property of a company under administration, includes:
(ii) in the case of a PPSA security interest--under an agreement or instrument relating to a transaction or dealing giving rise to the security interest; or
"enforcement process " , in relation to property, means:
"engage in audit activity " : an individual auditor, audit firm or audit company engages in audit activity in relation to an audited body for an audit if the individual auditor, audit firm or audit company:
"engage in conduct " means:
"enter into " : a person who:
"entitlements " of an employee of a company has the meaning given by subsections 596AA(2) and (3).
"entity " : for the purposes of Chapters 2E and 8A an entity is any of the following:
(e) for a trust that has only 1 trustee--the trustee;
(f) for a trust that has more than 1 trustee--the trustees together.
"equal access scheme " has the meaning given by subsections 257B(2) and (3).
"equity interest " has the same meaning as in the Income Tax Assessment Act 1997 .
"ESS interest " has the same meaning as in the Income Tax Assessment Act 1997 .
"event " includes any happening, circumstance or state of affairs.
"examinable affairs " , in relation to a corporation means:
"examinable assets and liabilities " , in relation to an entity, means all of the following:
"examinable operations " , in relation to an entity, means all of the following:
"excluded security " means:
"exempt body " has the meaning given by section 66A.
"exempt foreign company " means a foreign company of a kind referred to in subsection 601CK(8), whether or not Division 2 of Part 5B.2 applies to it.
"exempt public authority " means a body corporate that is incorporated within Australia or an external Territory and is:
"expectation " :
"expert " , in relation to a matter, means a person whose profession or reputation gives authority to a statement made by him or her in relation to that matter.
"extend " , in relation to a period:
"extract of particulars " for a company, registered scheme or notified foreign passport fund means a statement given by ASIC that contains either or both of the following:
"extraordinary resolution " , in relation to a registered scheme, means a resolution:
"Family Court " means the Family Court of Australia.
"financial benchmark " has the meaning given by section 908AB.
"financial benchmark data " means:
"financial benchmark rules " means rules made under section 908CA.
"financial benefit " (when used in Chapter 2E) has a meaning that is affected by section 229.
"financial corporation " means a financial corporation within the meaning of paragraph 51(20) of the Constitution.
"financial market " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"financial product " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"financial records " includes:
"financial report " means an annual financial report or a half-year financial report prepared under Chapter 2M.
"financial reporting requirements " for a financial report means the requirements imposed under:
"financial service " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"financial services business " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"financial services civil penalty provision " has the meaning given by section 1317DA.
"financial services licensee " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"financial statements " means annual financial statements under section 295 or half-year financial statements under section 303.
"financial year " , when used in a provision outside Schedule 2, has the following meaning:
(a) for a company, registered scheme or disclosing entity (other than a notified foreign passport fund)--the meaning given by section 323D;
(b) for a notified foreign passport fund--the meaning given by section 323DAA.
"find " , in the case of a reference to a court finding a person guilty of an offence, has a meaning affected by section 73A.
"firm " , in relation to an administrator or liquidator, means:
(a) if the administrator or liquidator is a partner or employee of a partnership (the partnership firm ) that provides advice or other services in relation to Chapter 5 bodies corporate--the partnership firm; or
(b) if the administrator or liquidator is an officer or employee of a body corporate (the body corporate firm ) that provides advice or other services in relation to Chapter 5 bodies corporate--the body corporate firm.
"floating charge " includes a charge that conferred a floating security at the time of its creation but has since become a fixed or specific charge.
"for " , in relation to a fee or tax, includes in respect of.
"foreign company " means:
"foreign holder " of securities means a holder of the securities whose address, as shown in the register in which details of their holding is recorded, is a place outside Australia and the external Territories.
"foreign law " has the same meaning as in the Income Tax Assessment Act 1997 .
"foreign passport fund " means a passport fund the home economy for which is not Australia.
"foreign passport fund product " , when used in a provision outside Chapter 7, has the same meaning as in Chapter 7.
"franchise " means an arrangement under which a person earns profits or income by exploiting a right, conferred by the owner of the right, to use a trade mark or design or other intellectual property or the goodwill attached to it in connection with the supply of goods or services. An arrangement is not a franchise if the person engages the owner of the right, or an associate of the owner, to exploit the right on the person's behalf.
"Full Court " , in relation to a Supreme Court of a State or Territory, includes any court of the State or Territory to which appeals lie from a single judge of that Supreme Court.
"fully paid share " means a share on which no amount remains unpaid.
"function " includes a duty.
"fund property " of a notified foreign passport fund means:
(a) contributions of money or money's worth to the fund; and
Note: Paragraph (a)--if what a member contributes to a fund is rights over property, the rights in the property that the member retains do not form part of the fund property.
"Gazette notice means a notice published in the Gazette" .
"general CSF risk warning " has the meaning given by subsection 738ZA(2).
"general law " means the principles and rules of the common law and equity.
"group executives " for a consolidated entity means:
"guarantor " , in relation to a debenture, means a body that has guaranteed, or has agreed to guarantee, the repayment of any money deposited or lent to the borrower under the debenture.
"guilty " , in the case of a reference to a court finding a person guilty of an offence, has a meaning affected by section 73A.
"half-year " has the meaning given by subsection 323D(5).
"have " , in relation to information, includes be in possession of the information.
"highest outside purchase price " for a takeover bid is the highest amount paid or payable by the bidder for a security in the bid class under a purchase made outside the bid and during the bid period.
"hold " , in relation to a person, in relation to a document that is, or purports to be, a copy of a licence, means have in the person's possession.
"holding company " , in relation to a body corporate, means a body corporate of which the first body corporate is a subsidiary.
"home economy " , for a passport fund, when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
"home regulator " , for a passport fund, when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
"host economy " , for a passport fund, when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
"hosting arrangement " , in relation to a CSF offer, has the meaning given by subsection 738L(2).
"host regulator " , for a passport fund, when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
"immediate family member " for a person means:
"in Australia " has the meaning given by section 102C.
"included " , in relation to an official list, has the meaning given by section 75.
"income year " has the same meaning as in the Income Tax Assessment Act 1997 .
"incorporated in Australia " , in relation to a body corporate, includes incorporated by or under a law of:
"incorporation " :
(a) of a company--means the company's first registration under this Act; and
(b) of any other incorporated body--means the body's incorporation by or under a law (other than this Act).
"individual auditor " means an individual who consents to be appointed, or is appointed, as auditor of a company or registered scheme.
"industrial instrument " means:
"information " includes complaint.
"infringement notice " has the meaning given by section 1317DAA.
"injury compensation " means compensation payable under any law relating to workers compensation.
"Insolvency Practice Rules " means the rules made by the Minister under section 105-1 of Schedule 2.
"insolvent " has the meaning given by subsection 95A(2).
"insolvent transaction " has the meaning given by section 588FC.
"insolvent under administration " means:
"interest " in a managed investment scheme (including a notified foreign passport fund) means a right to benefits produced by the scheme (whether the right is actual, prospective or contingent and whether it is enforceable or not).
"investment " in a company, disclosing entity or other body means:
"investment " in a notified foreign passport fund means:
"investment " in a registered scheme means:
"investment contract " means any contract, scheme or arrangement that, in substance and irrespective of its form, involves the investment of money in or under such circumstances that the investor acquires or may acquire an interest in, or right in respect of, property, whether in this jurisdiction or elsewhere, that, under, or in accordance with, the terms of investment will, or may at the option of the investor, be used or employed in common with any other interest in, or right in respect of, property, whether in this jurisdiction or elsewhere, acquired in or under like circumstances.
"involved " , in relation to a contravention, has the meaning given by section 79.
"issue " includes:
(a) in relation to interests in a managed investment scheme--make available; and
(b) otherwise--circulate, distribute and disseminate.
"Judge " means a judge of the Court.
"judgment " means a judgment, decree or order, whether final or interlocutory.
"key management personnel " for an entity has the same meaning as in the accounting standards.
"large proprietary company " has the meaning given by subsection 45A(3).
"law " of a State or Territory means a law of, or in force in, the State or Territory.
"lawyer " means a duly qualified legal practitioner and, in relation to a person, means such a practitioner acting for the person.
"lead auditor " has the meaning given by section 324AF.
"lease " does not include a lease of goods that gives rise to a PPSA security interest in the goods.
"leave of absence " means long service leave, extended leave, recreation leave, annual leave, sick leave or any other form of leave of absence from employment.
"licensed trustee company " has the meaning given by Chapter 5D.
"limited company " means:
"linked " : the incurring of a debt and a contravention of section 596AB are linked if they are linked under subsection 596AB(4).
"liquidator " :
"listed " : a company, managed investment scheme or other body is listed if it is included in the official list of a prescribed financial market operated in this jurisdiction.
"listed corporation " means a body corporate that is included in an official list of a prescribed financial market.
"listed disclosing entity " has the meaning given by subsection 111AL(1).
"listing market " , in relation to a listed disclosing entity, has the meaning given by subsection 111AE(1), (1A) or (1B).
"listing rules " of a financial market, when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"local agent " , in relation to a foreign company, means a person who is a local agent of the foreign company by virtue of subsection 601CG(5).
"lodge " means lodge with ASIC in this jurisdiction.
"lower court " means a court of a State or Territory that is not a superior court.
"machine-copy " , in relation to a document, means a copy made of the document by any machine in which, or process by which, an image of the contents of the document is reproduced.
"made " , in relation to a CSF offer, has the meaning given by subsection 738N(1).
"managed investment product " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"managed investment scheme " means:
(i) people contribute money or money's worth as consideration to acquire rights ( interests ) to benefits produced by the scheme (whether the rights are actual, prospective or contingent and whether they are enforceable or not);
Note 1: Paragraph (c)--A partnership with less than 20 members will usually not require registration because of paragraph 601ED(1)(a) and under section 115 a partnership with more than 20 members can only operate if covered by regulations made for the purposes of subsection 115(2).
"manager " has a meaning affected by section 90.
"managerial or executive office " has the meaning given by section 200AA.
"managing controller " , in relation to property of a corporation, means:
"marketable securities " means debentures, stocks, shares or bonds of any Government, of any local government authority or of any body corporate, association or society, and includes any right or option in respect of shares in any body corporate and any interest in a managed investment scheme.
"market bid " means a takeover bid made under Chapter 6 as a market bid (see section 616).
"market integrity rules " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"market traded option " means an option declared by an operator of a prescribed financial market to be a market traded option.
"maximum subscription amount " , in relation to a CSF offer, has the meaning given by subsection 738L(7).
"member " :
(a) in relation to a managed investment scheme ¾ means a person who holds an interest in the scheme; or
(e) in relation to a company--a person who is a member under section 231.
"members' voluntary winding up " means a winding up under Part 5.5 where a declaration has been made and lodged pursuant to section 494.
"Memorandum of Cooperation " , when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
"minerals " means minerals in any form, whether solid, liquefied or gaseous and whether organic or inorganic.
"minimum holding buy-back " means a buy-back of all of a holder's shares in a listed corporation if the shares are less than a marketable parcel within the meaning of the rules of the relevant financial market.
"minimum subscription amount " , in relation to a CSF offer, has the meaning given by subsection 738L(8).
"mining purposes " means any or all of the following purposes:
"misconduct " includes fraud, negligence, default, breach of trust and breach of duty.
"money " includes a payment order.
"national newspaper " means a daily newspaper that circulates generally in each State and each internal Territory.
"NCSC " means the National Companies and Securities Commission.
"necessary transfer documents " for the transfer of securities to a person means the documents that are sufficient to enable the person to become the holder of the securities.
"negative " , in relation to a document, means a transparent negative photograph used, or intended to be used, as a medium for reproducing the contents of the document, and includes a transparent photograph made from surface contact with the original negative photograph.
"negative solvency resolution " means a resolution by the directors of a company that, in their opinion, there are not reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.
"negotiable instrument " , in relation to a body corporate, means:
"no liability company " means a company that is registered as, or converts to, a no liability company under this Act.
"non-audit services provider " for an auditor conducting an audit means a person who:
(i) if the auditor is an individual auditor--an employee of the individual auditor (or of an entity acting for, or on behalf of, the individual auditor); or
(ii) if the auditor is an audit firm--a member of the audit firm or senior manager of the audit firm (or of an entity acting for, or on behalf of, the audit firm); or
(iii) if the auditor is an audit company--a director of the audit company or a senior manager of the audit company (or of an entity acting for, or on behalf of, the audit company); and
"non-voting share " , in relation to a body corporate, means an issued share in the body that is not a voting share in the body.
"notice " includes a circular and an advertisement.
"notified foreign passport fund" : see section 1213C.
"of " , in relation to financial products, means, in the case of interests in a managed investment scheme, made available by.
"offence " means an offence against a law of the Commonwealth or a State or Territory.
"offence based on " a particular provision of this Act means, unless a contrary intention appears:
(a) if that provision creates an offence--an offence against that provision, or an offence against section 1314 that relates to that provision; or
(b) if section 1311 creates an offence relating to that provision--an offence against section 1311 or 1314 that relates to that provision.
"offer information statement " means an offer information statement that is lodged with ASIC.
"offer of simple corporate bonds " has the meaning given by section 713A.
"offer period " for a takeover bid is the period for which offers under the bid remain open.
"offer platform " , in relation to a CSF offer, has the meaning given by subsection 738L(6).
"offer-specific prospectus " , in relation to an offer of simple corporate bonds, has the meaning given by subsection 713D(1).
"officer " of an entity that is neither an individual nor a corporation means:
"officer of the Commonwealth " has the same meaning as in paragraph 75(v) of the Constitution.
"off-market bid " means a takeover bid made under Chapter 6 as an off-market bid (see section 616).
"old Corporations Law " , in relation to a State or Territory, has the same meaning as it has in Part 10.1.
(b) if regulations for the purposes of subsection 1408(3) deal with a matter or matters dealt with in those provisions--the regulations that so deal with the matter or matters.
"on " , in relation to a financial market, includes at or by means of.
"on behalf of " includes on the instructions of.
"on-market " : a transaction of any kind is an on-market transaction if it is effected on a prescribed financial market and is:
(b) if those rules do not define on-market transactions--effected in the ordinary course of trading on the market.
"on-market buy-back " means a buy-back by a listed corporation on a prescribed financial market in the ordinary course of trading on that market.
"open " , in relation to a CSF offer, has the meaning given by subsection 738N(2).
"operated in this jurisdiction " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"operating rules " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"operator " , of a passport fund, when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
"outside this jurisdiction " has a meaning affected by subsection 102B(2).
"outstanding property " , in relation to a body corporate that has been dissolved or deregistered, means outstanding property (other than unpaid capital, whether called or uncalled) that was vested in the body, to which it was entitled, or over which it had a disposing power, when it was dissolved or deregistered, but that neither the body nor its liquidator got in, realised on or otherwise disposed of or dealt with.
"paid parental leave employer " has the meaning given by subsection 600AA(2).
"Panel " means the Takeovers Panel.
"parent " : without limiting who is a parent of a person for the purposes of this Act, someone is the parent of a person if the person is his or her child because of the definition of child in this section.
"participant , when used in a provision (the relevant provision" ) outside Chapter 7 in relation to a clearing and settlement facility or a financial market, has the same meaning as it has in Chapter 7 in relation to a clearing and settlement facility or a financial market, except that it does not include a reference to a recognised affiliate (within the meaning of that Chapter) in relation to such a facility or market unless regulations for the purposes of this definition provide that, in the relevant provision, it does include a recognised affiliate.
"party " , in relation to a transaction that has been completed, given effect to, or terminated, includes a person who was a party to the transaction.
"passport fund " , when used in a provision outside Chapter 8A, has the same meaning as in Chapter 8A.
"Passport Rules " : see section 1211A.
"payment " (when used in Division 2 of Part 2D.2 (sections 200 to 200J) includes a payment by way of damages for breach of contract.
"payment order " means a cheque (including a cheque that a bank or other institution draws on itself), bank draft, money order or postal order.
"person " , when used in Division 2 of Part 2D.2 (sections 200 to 200J), includes a superannuation fund.
"place of origin " :
(i) in the case of a body incorporated at that time in a State or Territory--that State or Territory; or
(ii) otherwise--the place of the body's incorporation at that time; or
(b) in relation to an unincorporated body--the State or Territory, or other place, in which the body is formed.
"platform " includes a website or other electronic facility.
"play a significant role " : a person plays a significant role in the audit of a company or a registered scheme for a financial year if:
"pooling determination " means a determination under subsection 571(1).
"pooling order " means an order under subsection 579E(1).
"positive solvency resolution " means a resolution by the directors of a company that, in their opinion, there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.
"possession " has a meaning affected by section 86.
"power " includes an authority.
"PPSA retention of title property " (short for Personal Property Security Act retention of title property) has the meaning given by section 51F.
"PPSA security interest " (short for Personal Property Security Act security interest) has the meaning given by section 51.
"prescribed derivative trade repository " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"prescribed financial market " means a financial market that is prescribed by regulations made for the purposes of this definition.
"printed " includes type-written, lithographed or reproduced by any mechanical means.
"procure " includes cause.
"Product Disclosure Statement " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"professional accounting body " has the same meaning as in the ASIC Act.
"professional employee " of an individual auditor, audit firm or audit company means an employee of the auditor, firm or company who participates in the conduct of the audits on behalf of the auditor, firm or company and, in the course of doing so, exercises professional judgment in relation to the application of or compliance with:
"professional investor " means a person in relation to whom one or more of the following paragraphs apply:
"professional member of an audit team " has the meaning given by section 324AE.
"profile statement " means a profile statement that is lodged with ASIC.
"property " means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description and includes a thing in action, and:
(a) in Part 5.3A (administration)--has a meaning affected by section 435B; and
(b) in Part 5.4B (winding up in insolvency or by the Court)--has a meaning affected by section 465; and
(c) in Part 5.5 (voluntary winding up)--has a meaning affected by section 489F; and
(d) in Part 5.6 (winding up generally)--has a meaning affected by section 513AA; and
(e) in Part 5.7B (recovering property or compensation for creditors of insolvent company)--has a meaning affected by section 588C; and
(f) in Part 5.8 (offences relating to external administration)--has a meaning affected by subsection 589(5); and
(g) in Part 5A.1 (deregistration, and transfer of registration, of companies)--has a meaning affected by section 601; and
(h) in Part 5B.2 (registrable bodies)--has a meaning affected by section 601C; and
(i) in Schedule 2 (the Insolvency Practice Schedule)--has a meaning affected by section 5-26 of that Schedule.
"proportional takeover approval provisions " , in relation to a company, means provisions of the kind referred to in subsection 648D(1) that are contained in, or that it is proposed to insert in, the constitution of the company.
"proportional takeover bid " means an off-market bid for a specified proportion of the securities in the bid class (see paragraph 618(1)(b)).
"proprietary company " has the meaning given by subsection 45A(1).
"prospectus " means a prospectus that is lodged with ASIC.
"prove " includes establish in any way (for example, but without limitation, through the operation of a presumption for which this Act or a law of a State or Territory provides).
"providing finance " means:
"provision " of a law includes:
"provisional liquidator " has a meaning affected by paragraph 530AA(b) (which deals with 2 or more persons appointed as provisional liquidators).
"public company " means a company other than a proprietary company and:
"public document " , in relation to a body corporate, has the meaning given by section 88A.
"publish " :
(a) in relation to a notice--means, in Chapter 7, publish by any means, including in a newspaper or periodical, on the internet, by broadcasting or televising or in a cinematograph film; and
(b) in any case--includes issue.
"qualified accountant " has the meaning given by section 88B.
"qualified privilege " has the meaning given by section 89.
"quarter day " means 31 March, 30 June, 30 September or 31 December.
"quotation " , in relation to financial products or in relation to a financial market, includes the displaying or providing, on a financial market, of information concerning:
(a) if offers to dispose of, purchase or exchange the financial product at particular prices, or for particular consideration, are made or accepted on that financial market--those prices or that consideration; or
(b) if offers or invitations are made on that financial market, being offers or invitations that are intended, or may reasonably be expected, to result in the making or acceptance of offers to dispose of, purchase or exchange the financial products at particular prices, or for particular consideration--those prices or that consideration; or
(c) in any case--the price at which, or the consideration for which, particular persons, or particular classes of persons, propose, or may reasonably be expected, to dispose of, purchase or exchange the financial products.
"quoted ED securities " has the meaning given by section 111AM.
"quoted security " means a security that is quoted on a prescribed financial market.
"receiver " has a meaning affected by paragraph 434D(b) (which deals with 2 or more persons appointed as receivers).
"receiver and manager " has a meaning affected by section 90 and has a meaning affected by paragraph 434E(b) (which deals with 2 or more persons appointed as receivers and managers).
"recognised offer " has the meaning given by section 1200B.
"redeemable preference share " means a preference share in a body corporate that is, or at the body's option is to be, liable to be redeemed.
"referring State " has the meaning given by section 4.
"register " means register under this Act.
"registered Australian body " means a registrable Australian body that is registered under Division 1 of Part 5B.2.
"registered body " mean a registered Australian body or a registered foreign company.
"registered company auditor " :
(b) in relation to a body corporate that is not a company--includes a person qualified to act as the body's auditor under the law of the body's incorporation.
"registered foreign company " means a foreign company that is registered under Division 2 of Part 5B.2.
"registered liquidator " has the same meaning as in section 5-5 of Schedule 2.
"registered office " , in relation to a body corporate, means the body's registered office under section 142 or 601CT, as the case requires.
"registered scheme " means a managed investment scheme that is registered under section 601EB.
"registrable Australian body " means:
"registrable body " means a registrable Australian body or a foreign company.
"Regulatory Powers Act " means the Regulatory Powers (Standard Provisions) Act 2014 .
"related body corporate " , in relation to a body corporate, means a body corporate that is related to the first-mentioned body by virtue of section 50.
"related entity " , in relation to a body corporate, means any of the following:
"related party " :
(a) when used in Chapter 2E--has the meaning given by section 228; and
(b) when used in Part 6D.3A--has the meaning given by subsection 738G(3); and
(c) when used in Division 2 of Part 5C.10, Chapter 8A and the Passport Rules for this jurisdiction--has the meaning given by the Passport Rules for this jurisdiction.
"relation-back day " has the meaning given by section 91.
"relative " , in relation to a person, means the spouse, parent or remoter lineal ancestor, child or remoter issue, or brother or sister of the person.
"relevant agreement " means an agreement, arrangement or understanding:
"relevant date " , in relation to a winding up, means the day on which the winding up is taken because of Division 1A of Part 5.6 to have begun.
"relevant financial market " , for a listed company, listed registered scheme or listed notified foreign passport fund means:
(b) if the company, scheme or fund is listed on 2 or more prescribed financial markets--each of those markets.
"relevant interest " , in relation to securities, has a meaning given by sections 608 and 609.
"relevant market operator " , for a listed company, listed registered scheme or listed notified foreign passport fund means:
(a) if there is only one relevant financial market for the company, scheme or fund--the operator of that relevant financial market; or
(b) if there is 2 or more relevant financial markets for the company, scheme or fund--each of the operators of each of those relevant financial markets.
"remedial order " means an order that:
(n) if an order of a kind referred to in paragraphs (a) to (m) is in force in respect of securities--directs the registered holder of the securities to give written notice of the order to any person whom the holder knows to be entitled to exercise a right to vote attached to those securities; or
(p) if a person has failed to comply with a requirement of Chapter 6, 6A, 6B or 6C -- directs that person to comply with that requirement.
"remuneration " of an officer or employee of a corporation. A benefit given to an officer or employee of a corporation is remuneration if and only if the benefit, were it received by a director of the corporation, would be remuneration of the director for the purposes of an accounting standard that deals with disclosure in companies' financial reports of information about directors' remuneration. For the purposes of this definition, the following are not officers of a corporation:
"remuneration committee " has the meaning given by paragraph 206K(2)(b).
"remuneration consultant " means a person:
"remuneration recommendation " has the meaning given by section 9B.
"remuneration report " means the section of the directors' report for a financial year for a listed public company that is included under subsection 300A(1).
"renounceable option " means an assignable option to have an allotment of shares in a body corporate made to the holder of the option.
"Replacement Product Disclosure Statement " , when used in a provision outside Chapter 7, has the same meaning it has in Chapter 7.
"reproduction " , in relation to a document, means a machine-copy of the document or a print made from a negative of the document.
"resolution " , when used in a provision outside Schedule 2 in relation to creditors or contributories, means a resolution passed at a meeting of the creditors or contributories.
"resolution for voluntary winding up " means the special resolution referred to in section 491.
"responsible entity " of a registered scheme means the company named in ASIC's record of the scheme's registration as the responsible entity or temporary responsible entity of the scheme.
"responsible holding party " for an Australian passport fund or a notified foreign passport fund means the responsible holding party of the assets of the fund under the Passport Rules for this jurisdiction.
"responsible intermediary " , in relation to a CSF offer, has the meaning given by subsection 738L(5).
"responsible officer " , in relation to a body corporate that applies for an Australian financial services licence, means an officer of the body who would perform duties in connection with the holding of the licence.
"result " includes:
(a) when used as a verb--result indirectly; and
(b) when used as a noun--an indirect result.
"retail client " , when used in Part 6D.3A, has the meaning given by section 738D.
"retention of title clause " : property is subject to a retention of title clause under a contract for the sale of property:
"retirement village scheme means a scheme, undertaking or enterprise (in this definition called the relevant scheme" ), whether in Australia or elsewhere, that is being, or is proposed to be, carried out or undertaken with the intention that the participants, or a majority of the participants, in the relevant scheme be provided, in connection with the relevant scheme, with residential accommodation within a retirement community, whether or not the entitlement of a participant to be provided with such accommodation derives from a proprietary interest held by the participant in the premises where the accommodation is provided, but does not include a time-sharing scheme.
"return of particulars " for a company, registered scheme or notified foreign passport fund means a statement given by ASIC that contains any or all of the following:
"review auditor " has the meaning given by section 324AF.
"review date " has the meaning given by section 345A.
"review fee " has the meaning given by section 5 of the Corporations (Review Fees) Act 2003 .
"revoke " , in relation to an accounting standard, means, in the case of a provision of an accounting standard, vary the last-mentioned accounting standard by omitting the provision.
"rights issue " has the meaning given by subsections 9A(1) and (2).
"rules " means:
"scheme property " of a registered scheme means:
Note 1: Paragraph (a)--if what a member contributes to a scheme is rights over property, the rights in the property that the member retains do not form part of the scheme property.
"scrip " means documents that are, or are documents of title to, securities.
"secured creditor " has the meaning given by section 51E.
"secured party " has the meaning given by section 51B.
"securities " has the meaning given by section 92.
"security interest " has the meaning given by section 51A.
"selective buy-back " means a buy-back that is none of the following:
"senior manager " :
(a) in relation to a corporation--means a person (other than a director or secretary of the corporation) who:
(b) in relation to a partnership--means a person (other than a partner) who:
(c) in relation to a trust--means a person (other than a trustee) who:
(d) in relation to a joint venture--means a person (other than a director or secretary of a corporation participating in the joint venture) who:
"serious fraud " means an offence involving fraud or dishonesty, being an offence:
"sheriff " includes a person charged with the execution of a writ or other process.
"significant financial benchmark " has the meaning given by section 908AC.
"simple corporate bonds " has the meaning given by section 713A.
"simple corporate bonds depository interest " means a beneficial interest in simple corporate bonds, where the interest is or was issued by a simple corporate bonds depository nominee (as a simple corporate bonds depository nominee).
"simple corporate bonds depository nominee " means a person who:
"small company limited by guarantee " has the meaning given by section 45B.
"small proprietary company " has the meaning given by subsection 45A(2).
"solvency resolution " means a resolution by the directors of a company as to whether or not, in their opinion, there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.
"solvent " has the meaning given by subsection 95A(1).
"special resolution " , when used in a provision outside Schedule 2 means:
"spouse " of a person includes a de facto partner of the person within the meaning of the Acts Interpretation Act 1901 .
"staff member " , in relation to ASIC, means a person who is a staff member for the purposes of the ASIC Act.
"standard opening hours " means 10 am to 12 noon and 2 pm to 4 pm each business day.
"State " , when used in a geographical sense, includes the coastal sea of the State.
"State Fair Trading Act " means the following Acts for each State and Territory:
Consumer Affairs and Fair Trading Act 1990
Fair Trading Act 1992
"State Family Court " , in relation to a State, means a court of that State to which section 41 of the Family Law Act 1975 applies because of a Proclamation made under subsection 41(2) of that Act.
"statement " , in Chapter 7, includes matter that is not written but conveys a message.
"State or Territory court " means a court of a State, the Capital Territory or the Northern Territory.
"State or Territory Supreme Court " means the Supreme Court of:
"statutory demand " means:
"statutory minimum " means:
(a) if an amount greater than $2,000 is prescribed--the prescribed amount; or
(b) otherwise--$2,000.
"subsidiary " , in relation to a body corporate, means a body corporate that is a subsidiary of the first-mentioned body by virtue of Division 6.
"substantial holding " : a person has a substantial holding in a body corporate, listed registered scheme or listed notified foreign passport fund, if:
Note 1: For relevant interest , see section 608.
"substantial interest " has a meaning affected by section 602A.
"substantial part " , in relation to activities, includes the whole of those activities.
"superannuation guarantee charge " has the same meaning as in the Superannuation Guarantee (Administration) Act 1992 .
"superannuation guarantee shortfall " has the same meaning as in the Superannuation Guarantee (Administration) Act 1992 .
"superior court " means the Federal Court of Australia, the Supreme Court of a State or Territory, the Family Court or a State Family Court.
"superior court matter means a civil matter that this Act clearly intends (for example, by use of the expression the Court" ) to be dealt with only by a superior court.
"Supplementary Product Disclosure Statement " , when used in a provision outside Chapter 7, has the same meaning as it has in Chapter 7.
"suspended " , in relation to a CSF offer, has the meaning given by subsection 738N(6).
"takeover bid " means an off-market bid or market bid made under Chapter 6.
"takeover contract " means a contract that results from the acceptance of an offer made under a takeover bid.
"target " for a takeover bid means the company, listed body or managed investment scheme whose securities are to be acquired under the bid.
"target's statement " means a target's statement under sections 638 to 640 as supplemented.
"territorial sea " has the same meaning as in the Seas and Submerged Lands Act 1973 .
"Territory " means:
"this Act " includes the regulations, the Insolvency Practice Rules and the Passport Rules for this jurisdiction.
"this jurisdiction " means the geographical area that consists of:
(d) also, for the purposes of the application of a provision of Chapter 7 or an associated provision (as defined in section 5)--any external Territory in which the provision applies because of subsection 5(9) (but only to the extent provided for in that subsection).
"time-sharing scheme " means a scheme, undertaking or enterprise, whether in Australia or elsewhere:
"trade " , in relation to financial products, in relation to a financial market, includes:
"trading day " of a financial market means a day on which the market is open for trading in financial products.
"transaction " , in Part 5.7B, in relation to a body corporate or Part 5.7 body, means a transaction to which the body is a party, for example (but without limitation):
"transmission " means a transmission, by means of electric or electromagnetic energy, of:
"transparency " , in relation to a document, means:
"transparency reporting auditor " has the meaning given by subsection 332(1).
"transparency reporting year " has the meaning given by subsection 332(2).
"Tribunal " means the Administrative Appeals Tribunal.
"ultimate holding company " , in relation to a body corporate, means a body corporate that:
"unclaimed property " means:
"uncommercial transaction " has the meaning given by section 588FB.
"underlying securities " means:
(a) in relation to an option over securities--those securities; and
(b) in relation to scrip that is constituted by documents that are, or are documents of title to, securities--those securities.
"undertaking " , in relation to a managed investment scheme, means the undertaking, scheme, enterprise, contract or arrangement to which the scheme relates.
"underwrite " includes sub-underwrite.
"unfair loan " has the meaning given by section 588FD.
"unfair preference " has the meaning given by section 588FA.
"unit " , in relation to a share, debenture or other interest, means a right or interest, whether legal or equitable, in the share, debenture or other interest, by whatever term called, and includes an option to acquire such a right or interest in the share, debenture or other interest.
"unlimited company " means a company whose members have no limit placed on their liability.
"unlisted disclosing entity " has the meaning given by subsection 111AL(2).
"unreasonable director-related transaction " has the meaning given by section 588FDA.
"unsecured " , in relation to a debt, has in Part 5.7B a meaning affected by section 588D.
"value " , in relation to an asset, includes amount.
"voting interest " , in relation to a managed investment scheme (including a notified foreign passport fund), means an issued interest in the scheme that confers a right to vote, not being a right to vote that is exercisable only in one or more of the following circumstances:
"voting power " in a body or managed investment scheme has the meaning given by section 610.
"voting share " in a body corporate means an issued share in the body that carries any voting rights beyond the following:
"wages " , in relation to a company, means amounts payable to or in respect of an employee of the company (whether the employee is remunerated by salary, wages, commission or otherwise) under an industrial instrument, including amounts payable by way of allowance or reimbursement but excluding amounts payable in respect of leave of absence.
"wholly-owned subsidiary " , in relation to a body corporate, means a body corporate none of whose members is a person other than:
"winding up by the Court " includes winding up in insolvency.
"wound up by the Court " includes wound up in insolvency.