Document ID: chunk:federal_register_of_legislation:C2025C00115:section:4:p2
Version: federal_register_of_legislation:C2025C00115
Segment Type: section
Provision Reference: s 4 (pt 2/4)
Character Range: 9983–12642

business at the end of the last accounting period of the company before that date—the company's premiums liability (within the meaning of the prudential standards determined under that Act) as at the end of that accounting period; or
 (b) in any other case—the company's unearned premiums provision as at that date.
book value, in relation to an asset held by a company at a particular time, means:
 (a) if the company:
 (i) was authorised under the Insurance Act 1973 to carry on insurance business; or
 (ii) was registered under section 21 of the Life Insurance Act 1995;
  at the end of the last accounting period of the company before that time—the value of the asset as at the end of that accounting period; or
 (b) in any other case—the value of the asset as at that time.
child: without limiting who is a child of a person for the purposes of this Act, someone is the child of a person if he or she is a child of the person within the meaning of the Family Law Act 1975.
company means a body corporate.
constituent document, in relation to a company, means:
 (a) the memorandum and articles of association of the company; or
 (b) any rules or other documents constituting the company or governing its activities.
contract of insurance includes a contract of life insurance and insurer has a corresponding meaning.
contract of life insurance means a life policy or sinking fund policy, within the meaning of the Life Insurance Act 1995.
direct control interest has the meaning given by section 15.
director includes any person occupying the position of director of a company, by whatever name called.
discretionary trust means a trust where:
 (a) a person (who may include the trustee) is empowered (either unconditionally or on the fulfilment of a condition) to exercise any power of appointment or other discretion; and
 (b) the exercise of the power or discretion, or the failure to exercise the power or discretion, has the effect of determining, to any extent, either or both of the following:
 (i) the identities of those who may benefit under the trust;
 (ii) how beneficiaries are to benefit, as between themselves, under the trust.
Federal Court means the Federal Court of Australia.
insurance business has the same meaning as in the Insurance Act 1973.
interest in an asset has the meaning given by section 10.
interest in a share has the meaning given by section 11.
lending 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