Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:3_113
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 3 cl 113
Character Range: 379141–380505

113  Schedule
Insert:
financial market has the meaning given by section 761A of the Corporations Act 2001.
holding company, of a body corporate, means another body corporate of which the first body corporate is a subsidiary.
Life Insurance Act statutory manager has the meaning given by subsection 179AA(8).
liquidator includes a provisional liquidator.
listing rules has the meaning given by section 761A of the Corporations Act 2001.
NOHC/NOHC subsidiary has the meaning given by subsection 230AA(5).
prudential matters means matters relating to:
 (a) the conduct of any part of the affairs of, or the structuring or organising of, a life company, a registered NOHC, a relevant group of bodies corporate, or a particular member or members of such a group, in such a way as:
 (i) to keep the life company, NOHC, group or member or members of the group in a sound financial position; or
 (ii) to facilitate resolution of the life company, NOHC, group or member or members of the group; or
 (iii) to protect the interests of policy owners of any life company; or
 (iv) not to cause or promote instability in the Australian financial system; or
 (b) the conduct of any part of the affairs of a life company, a registered NOHC, a relevant group of bodies corporate, or a particular member or members of such a group, with integrity, prudence and professional skill.