Document ID: chunk:federal_register_of_legislation:C2023A00068:clause:2_1
Version: federal_register_of_legislation:C2023A00068
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 29179–30299

1  Definitions
(1) In this Schedule:
banking start time means the time when Part 2 of Schedule 1 commences.
BEAR means:
 (a) Part IIAA of the old Banking Act; and
 (b) any instruments made under that Part as in force immediately before the banking start time; and
 (c) any sections of the old Banking Act that apply in relation to a provision of that Part.
FAR Act means the Financial Accountability Regime Act 2023.
FAR start time for a body corporate that is an accountable entity under subsection 9(3) of the FAR Act means the time when the body corporate starts to be an accountable entity, as determined under subsection 9(4) of the FAR Act.
old Banking Act means the Banking Act 1959, and any instruments made under that Act, as in force immediately before the banking start time.
(2) Expressions used in this Schedule that are defined for the purposes of the FAR Act, and used in relation to that Act, have the same meaning as in that Act.
(3) Expressions used in this Schedule that were defined for the purposes of the old Banking Act, and are used in relation to that Act, have the same meaning as in that Act.