Document ID: chunk:federal_register_of_legislation:C2025C00135:schedule:1:p3
Version: federal_register_of_legislation:C2025C00135
Segment Type: schedule
Provision Reference: sch 1 (pt 3/6)
Character Range: 503458–506323

meaning as in paragraph (h) of the definition of financial property in section 5 of the Payment Systems and Netting Act 1998.
intermediated financial property has the same meaning as in the Payment Systems and Netting Act 1998.
investment account benefits has the meaning given by section 14.
investment account contract has the meaning given by section 14.
investment‑linked benefits has the meaning given by section 14.
investment‑linked contract has the meaning given by section 14.
issue, in relation to a policy, has the meaning given by section 10.
life business means business that consists of:
 (a) the issuing of life policies or the undertaking of liability under life policies; or
 (b) any business that relates to business referred to in paragraph (a).
life company means a company that is carrying on life insurance business in Australia.
Life Insurance Act statutory manager has the meaning given by subsection 179AA(8).
life insurance business has the meaning given by section 11.
life policy has the meaning given by section 9.
liquidator includes a provisional liquidator.
listing rules has the same meaning as in the Corporations Act 2001.
member of staff means:
 (a) in relation to APRA—a person who is an APRA staff member within the meaning of the Australian Prudential Regulation Authority Act 1998; and
 (b) in relation to ASIC—a person who is a staff member within the meaning of the Australian Securities and Investments Commission Act 2001.
NOHC: see Non‑Operating Holding Company.
NOHC/NOHC subsidiary has the meaning given by subsection 230AA(5).
NOHC registration has the meaning given by section 28A.
Non‑Operating Holding Company, in relation to a body corporate, means a body corporate:
 (a) of which the first body corporate is a subsidiary; and
 (b) that does not carry on a business (other than a business consisting of the ownership or control of other bodies corporate); and
 (c) that is incorporated in Australia.
non‑participating business means life insurance business that consists of the provision of non‑participating benefits under policies.
ordinary business means life insurance business other than superannuation business.
ordinary policy means a policy other than a superannuation policy.
overseas fund has the meaning given by section 74.
overseas participating business has the meaning given by section 56.
overseas policy means a policy issued outside Australia.
overseas policy owners' retained profits has the meaning given by section 61.
parent: without limiting who is a parent of a person for the purposes of this Act, someone is the parent of a person if the person is his or her child because of the definition of child in this section.
participating business means life insurance business that consists of the provision of participating benefits under policies.
person affected by a reviewable decision has