Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:2_7
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 2 cl 7
Character Range: 115638–116559

7  Subsection 3(1)
Insert:
related body corporate, in relation to a body corporate, means:
 (a) in Part V—a body corporate that is related to the first‑mentioned body, as determined in accordance with section 50; and
 (b) otherwise—a body corporate that is related to the first‑mentioned body, as determined in accordance with section 4B.
relevant group of bodies corporate has the meaning given by section 4A.
resolution means the process by which APRA or other relevant persons manage or respond to an entity:
 (a) being unable to meet its obligations; or
 (b) being considered likely to be unable, or being considered likely to become unable, to meet its obligations; or
 (c) suspending payment, or being considered likely to suspend payment;
including through the exercise of powers and functions under this Act or another law.
transferred liabilities determination means a determination under subsection 62ZZMA(1).