Document ID: chunk:federal_register_of_legislation:C2025C00157:section:3:p1
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 3 (pt 1/8)
Character Range: 24287–27163

3  Interpretation
 (1) In this Act, unless the contrary intention appears:
accident insurance business means the business of undertaking liability under policies of insurance in respect of the happening of personal accidents (whether fatal or not), disease or sickness or of any class of personal accidents, disease or sickness.
accounting records, in relation to a body corporate, includes invoices, receipts, orders for the payment of money, bills of exchange, cheques, promissory notes, vouchers and other documents of prime entry and also includes such working papers and other documents as are necessary to explain the methods and calculations by which accounts of the body corporate are made up, and such other documents (if any) as are prescribed.
accounts, except in Part VII, means ordinary accounts and statutory accounts.
ADI (authorised deposit‑taking institution) means a body corporate that is an ADI for the purposes of the Banking Act 1959.
administrator, of a body corporate's business, means an administrator appointed under subsection 62ZOA(1) to take control of the body corporate's business.
approved form means (except in section 62ZZKA) a form approved, in writing, by APRA.
APRA means the Australian Prudential Regulation Authority.
APRA member has the same meaning as in the Australian Prudential Regulation Authority Act 1998.
APRA Special Account has the same meaning as in the Australian Prudential Regulation Authority Act 1998.
APRA staff member has the same meaning as in the Australian Prudential Regulation Authority Act 1998.
ASIC means the Australian Securities and Investments Commission.
Australia includes a Territory to which this Act extends.
Australian business assets and liabilities, of a foreign general insurer, has the meaning given by subsection 62ZVA(3).
Australian financial sector statutory manager (or AFS statutory manager) means:
 (a) a Banking Act statutory manager (within the meaning of the Banking Act 1959); or
 (b) an Insurance Act statutory manager; or
 (c) a Life Insurance Act statutory manager (within the meaning of the Life Insurance Act 1995).
authorised NOHC means a body corporate:
 (a) authorised under section 18; and
 (b) that is a NOHC of a general insurer or general insurers.
authorised person:
 (a) except in Part VA, means a person authorised under subsection (1A); or
 (b) in Part VA, means APRA, or a person authorised by APRA, in writing, for the purposes of that Part.
barrister or solicitor means a barrister or solicitor of the High Court or of the Supreme Court of a State, or of the Australian Capital Territory or the Northern Territory.
books includes any register or other record of information or any accounts or accounting records, however compiled, recorded or stored, and also includes any document.
business day means a day that is not a Saturday, a Sunday or a public holiday or bank