Document ID: chunk:federal_register_of_legislation:C2025C00173:section:4:p1
Version: federal_register_of_legislation:C2025C00173
Segment Type: section
Provision Reference: s 4 (pt 1/4)
Character Range: 15716–18632

4  Interpretation
 (1) In this Act:
ADI means an authorised deposit‑taking institution within the meaning of the Banking Act 1959.
application provision: see subsection 65(2).
applied Corporations Act provision: see subsection 65(3).
appointed actuary of a private health insurer means the person appointed as the actuary of the insurer in accordance with Division 2 of Part 5.
approved form: see section 172.
APRA means the Australian Prudential Regulation Authority.
APRA rules: see subsection 174(1).
APRA staff member has the same meaning as in the Australian Prudential Regulation Authority Act 1998.
assets of a health benefits fund: see section 26.
chief executive officer of a private health insurer means the person who is primarily and directly responsible to the directors of the insurer for the general and overall management of the insurer.
civil penalty order: see subsection 156(2).
complying health insurance policy has the same meaning as in the Private Health Insurance Act 2007.
complying health insurance product has the same meaning as in the Private Health Insurance Act 2007.
constitutional corporation means a corporation to which paragraph 51(xx) of the Constitution applies.
cover, in relation to an insurance policy, has the same meaning as in the Private Health Insurance Act 2007.
declaration of contravention means a declaration under subsection 155(1).
dependent person has the same meaning as in the Private Health Insurance Act 2007.
director has the same meaning as in the Corporations Act 2001.
disqualified person: see sections 119 and 121.
enforceable obligation means any of the following:
 (a) a provision of this Act;
 (b) a direction given under this Act;
 (c) a provision of the risk equalisation levy legislation;
 (d) if the registration of a private health insurer is subject to terms and conditions (see subsection 15(1))—those terms and conditions;
 (e) in the case of a restricted access insurer—a provision included in the insurer's constitution or rules in order to comply with subsection 15(3).
Note: References to this Act include prudential standards and APRA rules (see the definition of this Act in this subsection).
external administration means administration or control (however described) by an external administrator.
external administrator means:
 (a) any of the following, within the meaning of the Corporations Act 2001:
 (i) a liquidator or provisional liquidator;
 (ii) a receiver, manager, managing controller, receiver and manager or other controller;
 (iii) an administrator or a scheme manager; or
 (b) a person who performs a similar role to a person referred to in subparagraph (a)(i), (ii) or (iii), whether under a law of the Commonwealth, or of a State or Territory, or otherwise;
but does not include an external manager or terminating manager.
external management means management, by an external manager, under Divisions 6 and 8 of Part 3.