Document ID: chunk:federal_register_of_legislation:F2024L00283:reg:4
Version: federal_register_of_legislation:F2024L00283
Segment Type: reg
Provision Reference: reg 4
Character Range: 3711–5425

4  Definitions
Note: Expressions have the same meaning in this instrument as in the Financial Accountability Regime Act 2023 as in force from time to time—see paragraph 13(1)(b) of the Legislation Act 2003.
  In this instrument:
eligible foreign life insurance company means an eligible foreign life insurance company (within the meaning of the Life Insurance Act 1995) that is registered under section 21 of the Life Insurance Act 1995.
final report:
 (a) in relation to an accountable entity that is an ADI—see section 14; or
 (b) in relation to an accountable entity that is a general insurer—see section 17; or
 (c) in relation to an accountable entity that is a life company—see section 20; or
 (d) in relation to an accountable entity that is a private health insurer—see section 23; or
 (e) in relation to an accountable entity that is an RSE licensee—see section 26.
foreign ADI has the same meaning as in the Banking Act 1959.
foreign general insurer has the same meaning as in the Insurance Act 1973.
relevant final report, in relation to an accountable entity that is an ADI—see section 14.
Reporting Standard: see section 29.
the Act means the Financial Accountability Regime Act 2023.
total assets value:
 (a) in relation to an accountable entity that is an ADI—see section 15; or
 (b) in relation to an accountable entity that is a general insurer—see section 18; or
 (c) in relation to an accountable entity that is a life company—see section 21; or
 (d) in relation to an accountable entity that is a private health insurer—see section 24; or
 (e) in relation to an accountable entity that is an RSE licensee—see section 27.

Part 2—Accountable persons—prescribed responsibilities and positions