Document ID: chunk:federal_register_of_legislation:C2025C00185:section:9:p62
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 9 (pt 62/63)
Character Range: 231490–234264

capacity to affect significantly the financial standing of the trust; and
 (d) in relation to a joint venture—means a person (other than a director or secretary of a corporation participating in the joint venture) who:
 (i) makes, or participates in making, decisions that affect the whole, or a substantial part, of the business of the joint venture; or
 (ii) has the capacity to affect significantly the financial standing of the joint venture.
sent, in relation to an electronic communication, has a meaning (except in Chapters 6 and 6A) affected by section 105A.
serious fraud means an offence involving fraud or dishonesty, being an offence:
 (a) against an Australian law or any other law; and
 (b) punishable by imprisonment for life or for a period, or maximum period, of at least 3 months.
shareholder:
 (a) in Part 2J.1 (share capital reductions and share buy‑backs)—has a meaning affected by section 258G (about MCI mutual entities); and
 (b) in Part 2J.3 (transactions affecting share capital)—has a meaning affected by section 260DA (about MCI mutual entities).
shares: see number of shares.
sheriff includes a person charged with the execution of a writ or other process.
significant financial benchmark has the meaning given by section 908AC.
simple corporate bonds has the meaning given by section 713A.
simple corporate bonds depository interest means a beneficial interest in simple corporate bonds, where the interest is or was issued by a simple corporate bonds depository nominee (as a simple corporate bonds depository nominee).
simple corporate bonds depository nominee means a person who:
 (a) issues to someone else one or more beneficial interests in simple corporate bonds that the person:
 (i) owns legally; or
 (ii) would own beneficially, apart from the issue of those interests; or
 (iii) has a beneficial interest in; and
 (b) does so with the agreement of the body that issued the bonds.
simplified liquidation process has the meaning given by section 500AE.
sinking fund policy has the same meaning as in the Life Insurance Act 1995.
small company limited by guarantee has the meaning given by section 45B.
small proprietary company has the meaning given by subsection 45A(2).
solvency resolution means a resolution by the directors of a company as to whether or not, in their opinion, there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.
solvent:
 (a) in relation to a person—has the meaning given by subsection 95A(1); and
 (b) in relation to a sub‑fund of a CCIV—has the meaning given by subsection 1231A(2).
special resolution means:
 (a) in relation to a company—a resolution of the company that complies with section 250MA; or
 (b) in relation to a registered