Document ID: chunk:federal_register_of_legislation:C2023A00076:clause:2_761a:p1
Version: federal_register_of_legislation:C2023A00076
Segment Type: clause
Provision Reference: sch 2 cl 761A (pt 1/3)
Character Range: 122792–125601

761A  Meaning of some terms relating to financial services and markets
  In this Act:
AFCA (short for the Australian Financial Complaints Authority) means the operator of the AFCA scheme.

AFCA regulated superannuation scheme means:
 (a) the scheme provided for by the Australian Defence Force Cover Act 2015; and
 (b) if, under the AFCA scheme, an exempt public sector superannuation scheme may elect to join the AFCA scheme, and such a superannuation scheme so elects—that superannuation scheme.
AFCA scheme means the external dispute resolution scheme for which an authorisation under Part 7.10A is in force.
AFCA staff member means:
 (a) a director, officer or employee of AFCA; or
 (b) a person engaged as a consultant to, or to perform services for, AFCA for the purposes of the AFCA scheme.
annuity policy means a life policy in relation to an annuity that is declared to be a superannuation policy under regulations made for the purposes of paragraph (b) of the definition of superannuation policy in the Schedule to the Life Insurance Act 1995.
authorised clearing and settlement facility means:
 (a) a licensed CS facility; or
 (b) a clearing and settlement facility that satisfies the following requirements:
 (i) the operator of the facility is authorised to operate the facility in the foreign country in which the operator's principal place of business is located;
 (ii) any requirements specified in regulations made for the purposes of this subparagraph.
binder means an authorisation given to a person by a financial services licensee who is an insurer to do either or both of the following:
 (a) enter into contracts that are risk insurance products on behalf of the insurer as insurer;
 (b) provide a claims handling and settling service, on behalf of the insurer as insurer, in relation to risk insurance products;
but does not include an authorisation of a kind referred to in paragraph (a) that is limited to effecting contracts of insurance by way of interim cover unless there is also in existence an authority given by the insurer to the person to enter into, on behalf of the insurer and otherwise than by way of interim cover, contracts of insurance.

CGS depository interest means a depository interest (within the meaning of the Commonwealth Inscribed Stock Act 1911) that can be transferred through a licensed CS facility.
death benefit decision‑maker means any of the following persons:
 (a) the trustee of:
 (i) a regulated superannuation fund; or
 (ii) an AFCA regulated superannuation scheme; or
 (iii) an approved deposit fund;
 (b) an insurer in relation to a superannuation complaint;
 (c) an RSA provider.
derivative retail client money: money paid as mentioned in subsection 981A(1) is derivative retail client money if:
 (a) either:
 (i) the financial service referred