Document ID: chunk:federal_register_of_legislation:C2024C00682:section:3
Version: federal_register_of_legislation:C2024C00682
Segment Type: section
Provision Reference: s 3
Character Range: 4606–6552

3  Definitions
  In this Act, unless the contrary intention appears:
advanced amount means the amount advanced to a person by the Bank under a subsidised loan.
agreement means the agreement made between the Commonwealth and the Bank on 5 November 1990 (a copy of which is set out in Schedule 1), as that agreement is in force from time to time.
approved form means a form approved by the Secretary for the purpose of the provision in which the expression is used.
Bank means National Australia Bank Limited, or any person or body to whom it assigns all or any of its rights or obligations under the agreement.
basic service period means:
 (a) in relation to a person covered by subparagraph (a)(i) of the definition of eligible person—either:
 (i) 5 years of effective full‑time service; or
 (ii) 5 years of composite service; and
 (b) in relation to a person covered by subparagraphs (b)(i), (ii) and (iii) of that definition—either:
 (i) 5 years of effective full‑time service less the number of years of effective full‑time service completed before the person's discharge; or
 (ii) 5 years of composite service less the number of years of composite service completed before the person's discharge; and
 (c) in relation to a person covered by subparagraph (d)(i) of that definition—the number of years of effective full‑time service or composite service set out in Column 2 of the following table opposite the number of years specified in Column 1 that applies to the person:

Column 1                                                                                                     Column 2

Number of years of effective full‑time service or composite service completed before the person's discharge  Number of years of effective full‑time service or composite service to be completed by the person after again becoming a member
11 or fewer                                                                                                  5