Document ID: chunk:federal_register_of_legislation:C2025C00157:section:3:p3
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 3 (pt 3/8)
Character Range: 29397–32171

used in this definition have the same meanings as they have in the Corporations Act 2001.
Federal Court means the Federal Court of Australia.
Finance Minister means the Minister who administers the Public Governance, Performance and Accountability Act 2013.
Financial Claims Scheme Special Account has the same meaning as in the Australian Prudential Regulation Authority Act 1998.
financial market has the same meaning as in Chapter 7 of the Corporations Act 2001.
Financial System Stability Special Account means the Financial System Stability Special Account established by section 70E of the Banking Act 1959.
financial year, in relation to a body corporate, has the same meaning as that expression has in relation to a body for the purposes of the Corporations Act 2001 (disregarding Schedule 2 of that Act).
foreign general insurer means a body corporate that:
 (a) is a foreign corporation within the meaning of paragraph 51(xx) of the Constitution; and
 (b) is authorised to carry on insurance business in a foreign country; and
 (c) is authorised under section 12 to carry on insurance business in Australia.
friendly society means:
 (a) a body that is a friendly society for the purposes of the Life Insurance Act 1995; or
 (b) a body that is registered or incorporated as a friendly society under a law of a State or Territory; or
 (c) a body that is permitted, by a law of a State or Territory, to assume or use the expression friendly society; or
 (d) a body that, immediately before the date that is the transfer date for the purposes of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999, was registered or incorporated as a friendly society under a law of a State or Territory.
general insurer has the meaning given by section 11.
government entity has the meaning given by subsection 114(5).
holding company, of a body corporate, means another body corporate of which the first body corporate is a subsidiary.
Insurance Act statutory manager has the meaning given by subsection 62ZOA(8).
insurance business means the business of undertaking liability, by way of insurance (including reinsurance), in respect of any loss or damage, including liability to pay damages or compensation, contingent upon the happening of a specified event, and includes any business incidental to insurance business as so defined, but does not include:
 (a) life insurance business; or
 (b) accident insurance business undertaken solely in connexion with life insurance business; or
 (c) pecuniary loss insurance business carried on solely in the course of carrying on banking business and for the purposes of that business by an ADI; or
 (d) business in relation to the benefits provided by a friendly society or trade union for its members or