Document ID: chunk:federal_register_of_legislation:C2004A04777:front:0:p17
Version: federal_register_of_legislation:C2004A04777
Segment Type: other
Provision Reference: 
Character Range: 42330–45366

institutions (this is done in Division 3).

Division 2—Definitions

Terms defined in Division

  "111AZ. This Division contains definitions of the following terms:

     (a) financial institution, building society and credit union (section 111AZA);

  (b) AFIC Codes (section 111AZB);

  (c) Financial Institutions Codes (section 111AZC);

     (d) special services provider, building society special services provider and credit union special services provider (section 111AZD);

  (e) withdrawable share (section 111AZE).

Financial institution, building society and credit union

"111AZA.(1) A financial institution is a body, or an entity within the meaning of Part 3.6, that:

     (a) is a financial institution for the purposes of any of the Financial Institutions Codes; and

  (b) is not excluded by the regulations.

SCHEDULE 3—continued

"(2) A building society is a financial institution that is a building society for the purposes of any of the Financial Institutions Codes.

"(3) A credit union is a financial institution that is a credit union for the purposes of any of the Financial Institutions Codes.

AFIC Codes

  "111AZB. The AFIC Codes are:

  (a) the AFIC (NSW) Code of New South Wales;

  (b) the AFIC (Victoria) Code of Victoria;

  (c) the AFIC (Queensland) Code of Queensland;

  (d) the AFIC (Western Australia) Code of Western Australia;

  (e) the AFIC (South Australia) Code of South Australia;

  (f) the AFIC (Tasmania) Code of Tasmania;

  (g) the AFIC (ACT) Code of the Capital Territory;

  (h) the AFIC (NT) Code of the Northern Territory.

Financial Institutions Codes

  "111AZC. The Financial Institutions Codes are:

  (a) the Financial Institutions (NSW) Code of New South Wales;

  (b) the Financial Institutions (Victoria) Code of Victoria;

  (c) the Financial Institutions (Queensland) Code of Queensland;

  (d) the Financial Institutions (Western Australia) Code of Western Australia;

  (e) the Financial Institutions (South Australia) Code of South Australia;

  (f) the Financial Institutions (Tasmania) Code of Tasmania;

  (g) the Financial Institutions (ACT) Code of the Capital Territory;

  (h) the Financial Institutions (NT) Code of the Northern Territory.

Special services providers

"111AZD.(1) A special services provider is a body, or an entity within the meaning of Part 3.6, that:

    (a) is a special services provider for the purposes of any of the AFIC Codes; and

  (b) is not excluded by the regulations.

"(2) A building society special services provider is a special services provider that provides to building societies services of a kind described in all or any of subparagraphs 36(2)(b)(i), (ii), (iii), (iv) and (v) of any of the AFIC Codes.

SCHEDULE 3—continued

"(3) A credit union special services provider is a special services provider that provides to credit unions services of a kind described in all or any of subparagraphs 36(2)(b)(i), (ii), (iii), (iv) and (v) of any of the AFIC Codes.

Withdrawable share

  "111AZE. A withdrawable share is a