Document ID: chunk:federal_register_of_legislation:C2025C00115:section:4:p4
Version: federal_register_of_legislation:C2025C00115
Segment Type: section
Provision Reference: s 4 (pt 4/4)
Character Range: 14822–16724

Minister under Part 3 or 4 or paragraph 66(1)(b).
share, in relation to a company, means a share in the share capital of the company, and includes:
 (a) stock into which any or all of the share capital of the company has been converted; or
 (b) an interest in such a share or in such stock.
total book net liabilities, in relation to a company's contracts of life insurance, in relation to a particular date, means:
 (a) if the company was registered under section 21 of the Life Insurance Act 1995 at the end of the last accounting period of the company before that date—the total net liabilities in respect of all of the company's contracts of life insurance as at the end of that accounting period; or
 (b) in any other case—the total net liabilities in respect of all of the company's contracts of life insurance as at that date.
unearned premiums provision, in relation to a company, means so much of the total provision for liabilities made in its accounts as consists of provision for unearned premiums.
value of an asset of a company at a particular time means the amount that, if:
 (a) an accounting period of the company had ended at that time; and
 (b) the company had, under the Financial Sector (Collection of Data) Act 2001, given to APRA copies of financial statements for, or as at the end of, that accounting period; and
 (c) the financial statements had been prepared in accordance with applicable accounting principles;
would have been shown in those statements as the value of the asset at that time.
voting power has the meaning given by section 13.
 (2) For the purposes of paragraphs (c), (d) and (e) of the definition of relative in subsection (1), if one person is the child of another person because of the definition of child in that subsection, relationships traced to or through the person are to be determined on the basis that the person is the child of the other person.