Document ID: chunk:federal_register_of_legislation:C2025C00135:schedule:1:p5
Version: federal_register_of_legislation:C2025C00135
Segment Type: schedule
Provision Reference: sch 1 (pt 5/6)
Character Range: 508467–511209

if the provision in which it occurs is, or is being applied for the purposes of, a provision that is administered by APRA; and
 (b) ASIC if the provision in which it occurs is, or is being applied for the purposes of, a provision that is administered by ASIC.
related body corporate:
 (a) in Part 7—has the meaning given by section 129; and
 (b) otherwise—has the meaning given by section 16.
relevant group of bodies corporate has the meaning given by section 15A.
reporting document has the same meaning as in the Financial Sector (Collection of Data) Act 2001.
resolution means the process by which APRA or other relevant persons manage or respond to an entity:
 (a) being unable to meet its obligations; or
 (b) being considered likely to be unable, or being considered likely to become unable, to meet its obligations; or
 (c) suspending payment, or being considered likely to suspend payment;
including through the exercise of powers and functions under this Act or another law.
reviewable decision has the meaning given by section 236.
section 12A or 12B policy means a policy, other than a life policy or a sinking fund policy, issued, or taken to be issued, in the course of carrying on business covered by a declaration under section 12A or 12B.
senior manager, of a life company, means a person who has or exercises any of the senior management responsibilities (within the meaning of the prudential standards) for the life company.
senior manager of a body corporate means a person who has or exercises any of the senior management responsibilities (within the meaning of the prudential standards) for the body.
shareholders' capital has the meaning given by section 61.
shareholders' retained profits (Australian participating) has the meaning given by section 61.
shareholders' retained profits (overseas and non‑participating) has the meaning given by section 61.
sinking fund business means business that consists of:
 (a) the issuing of sinking fund policies or the undertaking of liability under sinking fund policies; or
 (b) any business that relates to business referred to in paragraph (a).
sinking fund policy means a contract that has the following features:
 (a) the company issuing the policy undertakes to pay money on one or more specified dates;
 (b) neither the payment of that money nor the payment of premiums is dependent on the death or survival of the person to whom the policy is issued or of any other person.
starting amount has the meaning given by section 61.
subsidiary has the meaning given by section 16.
superannuation business means life business that consists of:
 (a) the issuing of superannuation policies or the undertaking of liability under superannuation policies; or
 (b) any business that