Document ID: chunk:federal_register_of_legislation:C2025C00148:section:8:p1
Version: federal_register_of_legislation:C2025C00148
Segment Type: section
Provision Reference: s 8 (pt 1/3)
Character Range: 12136–15037

8  Definitions
  In this Act:
accountability map: see subsection 31(2).
accountability statement: see subsection 31(2).
accountable entity: see section 9.
accountable person: see sections 10 and 11.
ADI has the same meaning as in the Banking Act 1959.
Note: ADI is short for authorised deposit‑taking institution.
affected person: see section 91.
annual turnover, of an accountable entity during a 12‑month period, has the same meaning as in the Corporations Act 2001.
APRA means the Australian Prudential Regulation Authority.
APRA staff member has the same meaning as in the Australian Prudential Regulation Authority Act 1998.
ASIC means the Australian Securities and Investments Commission.
ASIC staff member means a staff member within the meaning of the Australian Securities and Investments Commission Act 2001.
Australia, when used in a geographical sense, includes the external Territories.
authorised NOHC:
 (a) of an ADI—means an authorised NOHC (within the meaning of the Banking Act 1959) of the ADI; and
 (b) of a general insurer—means an authorised NOHC (within the meaning of the Insurance Act 1973) of the general insurer.
Note: NOHC is short for non‑operating holding company.
benefit derived and detriment avoided has the same meaning as in the Corporations Act 2001.
civil penalty order has the same meaning as in the Regulatory Powers Act.
civil penalty provision has the same meaning as in the Regulatory Powers Act.
connected entity, in relation to an RSE licensee, means a connected entity (within the meaning of the Superannuation Industry (Supervision) Act 1993) of the RSE licensee.
constitutional corporation means a corporation to which paragraph 51(xx) of the Constitution applies.
constitutionally covered body: see section 13.
decision‑maker for a reviewable decision means:
 (a) if APRA made the reviewable decision—APRA; or
 (b) if ASIC made the reviewable decision—ASIC.
enhanced notification threshold: see subsection 31(3).
financial year, in relation to an accountable entity or significant related entity:
 (a) if the accountable entity or significant related entity is a company that is registered under the Corporations Act 2001—has the same meaning as in that Act; or
 (b) if:
 (i) the accountable entity or significant related entity is not a company that is registered under the Corporations Act 2001; and
 (ii) the accountable entity or significant related entity is incorporated or registered under another law; and
 (iii) a definition of financial year applies in relation to that other law;
  has the same meaning as in that other law; or
 (c) in any other case—means a period of 12 months starting on 1 July.
foreign accountable entity means:
 (a) a foreign ADI (within the meaning of the Banking Act 1959); or
 (b) a foreign general insurer (within the meaning of the Insurance Act 1973); or
 (c) an eligible foreign life insurance company (within the