Document ID: chunk:federal_register_of_legislation:C2024C00606:section:4:p1
Version: federal_register_of_legislation:C2024C00606
Segment Type: section
Provision Reference: s 4 (pt 1/4)
Character Range: 6743–9588

4  Definitions
 (1) In this Act, the following words and expressions have the meanings set out below:
ADI (authorised deposit‑taking institution) means a body corporate that is an ADI for the purposes of the Banking Act 1959.
approved netting arrangement has the same meaning as in the Payment Systems and Netting Act 1998.
approved section 20 statement means a statement given to APRA under subsection 20(1) in relation to which an approval under subsection 20(2) is in force.
approved section 30 statement means a statement given to APRA under subsection 30(1) in relation to which an approval under subsection 30(2) is in force.
APRA means the Australian Prudential Regulation Authority.
APRA member 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.
asset means property, or a right, of any kind, and includes:
 (a) any legal or equitable estate or interest (whether present or future, vested or contingent, tangible or intangible, in real or personal property) of any kind; and
 (b) any chose in action; and
 (c) any right, interest or claim of any kind including rights, interests or claims in or in relation to property (whether arising under an instrument or otherwise, and whether liquidated or unliquidated, certain or contingent, accrued or accruing); and
 (d) any CGT asset within the meaning of the Income Tax Assessment Act 1997.
Australian business assets and liabilities, of a body corporate that is a foreign ADI, a foreign general insurer or an eligible foreign life insurance company, means the following:
 (a) the assets and liabilities of the body corporate in Australia;
 (b) any other rights and liabilities of the body corporate that:
 (i) are related to its operations in Australia; and
 (ii) if regulations are made for the purposes of this subparagraph—are of a kind specified in those regulations.
authorised APRA officer, when used in a particular provision of this Act, means a person authorised under subsection (2) to perform or exercise the functions or powers of an authorised APRA officer under that provision.
business in relation to a body, includes the assets and liabilities of the body.
certificate of transfer:
 (a) in relation to a voluntary transfer of business—means a certificate issued under section 18; and
 (b) in relation to a compulsory transfer of business—means a certificate issued under section 33; and
 (c) in relation to a compulsory transfer of shares—means a certificate issued under section 33.
close‑out netting contract has the same meaning as in the Payment Systems and Netting Act 1998.
compulsory transfer determination means:
 (a) a compulsory transfer of business determination; or
 (b) a compulsory transfer of shares determination.
compulsory