Document ID: chunk:federal_register_of_legislation:C2025C00115:section:4:p3
Version: federal_register_of_legislation:C2025C00115
Segment Type: section
Provision Reference: s 4 (pt 3/4)
Character Range: 12375–15030

money includes providing non‑equity finance where the provision of the finance may reasonably be regarded as equivalent to lending money.
life insurance business has the same meaning as in the Life Insurance Act 1995.
moneylending agreement means an agreement entered into in good faith in the ordinary course of carrying on a business of lending money, but does not include an agreement dealing with any matter unrelated to the carrying on of that business.
non‑arm's length arrangement means an arrangement where the parties to the arrangement are not dealing with each other at arm's length in relation to the arrangement.
non‑arm's length transaction means a transaction where the parties to the transaction are not dealing with each other at arm's length in relation to the transaction.
officer, in relation to a company, includes:
 (a) a director, secretary or employee of the company; or
 (b) a receiver and manager of any part of the undertaking of the company appointed under a power contained in any instrument; or
 (c) a liquidator of the company appointed in a voluntary winding up.
outstanding claims provision, in relation to a company, means so much of the total provision for liabilities made in its accounts as consists of provision for claims, reduced by any allowance made in its accounts for reinsurance recoverables in respect of the claims.
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.
prudential conduct, in relation to a company, means the conduct by the company of its affairs (whether or not relating to the insurance business or life insurance business of the company):
 (a) in such a way as:
 (i) to keep itself in a sound financial position; and
 (ii) not to cause or promote instability in the Australian general insurance industry, in the Australian life insurance industry or in the Australian financial system; and
 (b) with integrity, prudence and professional skill.
relative, in relation to a person, means:
 (a) the person's spouse; or
 (b) the person's de facto partner within the meaning of the Acts Interpretation Act 1901; or
 (c) a parent or remoter lineal ancestor of the person; or
 (d) a child or remoter issue of the person; or
 (e) a brother or sister of the person.
Note: See also subsection (2).
reviewable decision means a decision of the 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