Document ID: chunk:federal_register_of_legislation:C2025C00182:section:5:p1
Version: federal_register_of_legislation:C2025C00182
Segment Type: section
Provision Reference: s 5 (pt 1/7)
Character Range: 19595–22471

5  Interpretation
 (1) In this Act, unless the contrary intention appears:
AASB means the Australian Accounting Standards Board.
absent from office, in relation to a holder of an office, means:
 (a) absent from duty or from Australia; or
 (b) unable, for any reason, to perform the functions of the office.
accounting member of the Disciplinary Board has the meaning given by subsection 203(1A).
affairs, in relation to a body corporate, has the same meaning as in section 232 of the Corporations Act.
arrangement has the meaning given by subsection 761B(1) of the Corporations Act.
ASIC means the Australian Securities and Investments Commission.
ASIC delegate means a person to whom, or a body to which, a function or power is delegated under section 102.
assist, in relation to an ASIC delegate, means:
 (a) to perform functions:
 (i) as a member, officer or employee of the ASIC delegate; and
 (ii) in connection with the ASIC delegate's performance or exercise of a function or power delegated under section 102; or
 (b) to perform services for the ASIC delegate in connection with the ASIC delegate's performance or exercise of a function or power delegated under section 102.
AUASB means the Auditing and Assurance Standards Board.
audit deficiency report has the meaning given by subsection 50C(1).
Australia means the Commonwealth of Australia and, when used in a geographical sense, includes each Territory.
Note 1: The Australian Capital Territory, the Jervis Bay Territory, the Northern Territory, Norfolk Island and the Territories of Christmas Island and of Cocos (Keeling) Islands are covered by the definition of Territory in this subsection.
Note 2: The meaning of Australia is affected by subsection 4(3) (when used in a provision applying in an external Territory).
Australian auditor means:
 (a) an individual auditor; or
 (b) an audit firm; or
 (c) an audit company;
that is conducting, or that has conducted, audits undertaken for the purposes of the Australian Charities and Not‑for‑profits Commission Act 2012 or the Corporations Act and includes a registered company auditor who is participating in, or has participated in, audits of that kind.
benefit derived and detriment avoided:
 (a) because of an offence—has the meaning given by section 93F; and
 (b) because of the contravention of a civil penalty provision—has the meaning given by section 12GBCE.
books includes:
 (a) a register; and
 (b) financial reports or financial records, however compiled, recorded or stored; and
 (c) a document; and
 (ca) sustainability reports or sustainability records, however compiled, recorded or stored; and
 (d) banker's books; and
 (e) any other record of information.
business member of the Disciplinary Board has the meaning given by subsection 203(1A).
Chairperson means:
 (a) except in Part 11 or in relation to the Disciplinary Board—the Chairperson of