Document ID: chunk:federal_register_of_legislation:C2025C00185:section:9:p35
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 9 (pt 35/63)
Character Range: 163003–165836

leave of absence means long service leave, extended leave, recreation leave, annual leave, sick leave or any other form of leave of absence from employment.
levy period has the same meaning as in the Financial Services Compensation Scheme of Last Resort Levy Act 2023.
liability:
 (a) liability (except in relation to a sub‑fund of a CCIV):
 (i) includes a duty or obligation of any kind (whether arising under an instrument or otherwise, and whether actual, contingent or prospective); and
 (ii) in relation to a CCIV—has a meaning affected by section 1233A; and
 (b) liabilities, in relation to a sub‑fund of a CCIV, has the meaning given by section 1233L.
licensed CS facility means a clearing and settlement facility the operation of which is authorised by an Australian CS facility licence.
licensed derivative trade repository has the meaning given by section 761A.
licensed market means a financial market the operation of which is authorised by an Australian market licence.
licensed trustee company means a trustee company that holds an Australian financial services licence covering the provision of one or more traditional trustee company services.
Note: Traditional trustee company services are financial services: see subsection 766A(1A).
life policy has the same meaning as in the Life Insurance Act 1995.
life policy fund has the meaning given by section 761A.
life risk insurance product means a financial product described in paragraph 764A(1)(e).
Note: See also insurance product and risk insurance product.
limit of a margin lending facility has the meaning given by subsection 761EA(11).
limited company means:
 (a) a company limited by shares; or
 (b) a company limited by guarantee; or
 (c) a company limited both by shares and guarantee;
but does not include a no liability company.
limited‑service time‑sharing adviser has the meaning given by section 910A.
linked:
 (a) the incurring of a debt and a contravention of subsection 596AC(1), (2), (3) or (4) are linked if they are linked under subsection 596AC(10); and
 (b) the disposition of a company's property and a contravention of subsection 596AC(1), (2), (3) or (4) are linked if they are linked under subsection 596AC(10A).
linked to a refusal or failure to give effect to a determination made by AFCA has the meaning given by section 910C.
liquid:
 (a) for a registered scheme—has the meaning given by subsection 601KA(4); and
 (b) for a sub‑fund—has the meaning given by subsection 1230H(1).
liquidator:
 (a) has a meaning affected by paragraph 530(b) (which deals with 2 or more persons appointed as liquidators); and
 (b) in Chapter 7, includes a provisional liquidator.
liquidity period, for an ESS interest: see subsection 1100ZB(7).
listed:
 (a) a company, managed investment scheme or other body is listed if it is included in the official list