Document ID: chunk:federal_register_of_legislation:C2025C00148:section:8:p2
Version: federal_register_of_legislation:C2025C00148
Segment Type: section
Provision Reference: s 8 (pt 2/3)
Character Range: 14794–17612

foreign accountable entity means:
 (a) a foreign ADI (within the meaning of the Banking Act 1959); or
 (b) a foreign general insurer (within the meaning of the Insurance Act 1973); or
 (c) an eligible foreign life insurance company (within the meaning of the Life Insurance Act 1995) that is registered under section 21 of the Life Insurance Act 1995.
general insurer has the same meaning as in the Insurance Act 1973.
internal decision reviewer: see subsection 94(1).
investigator means a person the Regulator appoints under subsection 45(1).
lawyer means a duly qualified legal practitioner and, in relation to a person, means such a practitioner acting for the person.
life company means a body corporate that is registered under section 21 of the Life Insurance Act 1995.
minimum deferral period, for variable remuneration of an accountable person, has the meaning given by subsection 28(1).
Minister rules means the rules made under subsection 104(1).
officer has the same meaning as in the Corporations Act 2001.
private health insurer has the same meaning as in the Private Health Insurance (Prudential Supervision) Act 2015.
reconsideration decision means a decision made under subsection 94(2).
registered NOHC, of a life company, means a registered NOHC (within the meaning of the Life Insurance Act 1995) of the life company.
Note: NOHC is short for non‑operating holding company.
Regulator means either APRA or ASIC, but, if the context requires the reference to be particularly to one of those bodies, then Regulator means that body.
Note: However, ASIC is to perform functions and exercise powers under this Act only in relation to certain persons: see subsection 36(2).
Regulator rules means the rules made under subsection 105(1).
Regulatory Powers Act means the Regulatory Powers (Standard Provisions) Act 2014.
related: the question whether 2 bodies corporate are related to each other is to be determined for the purposes of this Act in the same way as for the purposes of the Corporations Act 2001.
relevant group, of an accountable entity, means the accountable entity and its significant related entities.
remuneration, of an accountable person, has a meaning affected by subsection 25(3).
reviewable decision: see section 91.
RSE licensee means a constitutional corporation, or a body corporate, that:
 (a) holds an RSE licence granted under section 29D of the Superannuation Industry (Supervision) Act 1993; and
 (b) is not the trustee of a fund that is an exempt public sector superannuation scheme (within the meaning of that Act).
significant related entity has the meaning given by section 12.
subsidiary: the question whether a body corporate is a subsidiary of another body corporate is to be determined for the purposes of this Act in the same way as for the purposes of the Corporations