Document ID: chunk:federal_register_of_legislation:F2024L01130:reg:5
Version: federal_register_of_legislation:F2024L01130
Segment Type: reg
Provision Reference: reg 5
Character Range: 2992–4500

5  Definitions
  In this instrument:
approved bank means a person that carries on the business of banking in Australia:
 (a) the operations of which are subject to prudential supervision or regulation under a law of the Commonwealth, a State or a Territory; and
 (b) the business of which has a Standard and Poor's long‑term rating of:
 (i) for a Part other than Part 3—A‑ (or the Moody's or Fitch's equivalent) or better; and
 (ii) for Part 3—BBB‑ (or the Moody's or Fitch's equivalent) or better.
approved entity means an entity that operates inside or outside Australia and has a Standard and Poor's long‑term rating of AA‑ (or the Moody's or Fitch's equivalent) or better.
dematerialised security means a dematerialised security that is deposited in the Austraclear System.
Note: Information about the Austraclear System could in 2024 be viewed on the Australian Securities Exchange's website (https://www.asx.com.au).
securities:
 (a) means debentures, bonds, promissory notes, commercial paper, bills of exchange, certificates of deposit and fixed and floating rate notes issued under a senior debt program, and their dematerialised security equivalents; but
 (b) does not include any instrument or document that is in the nature of equity, subordinate debt or hybrid equity.
senior debt program means a program under which debt:
 (a) is issued and ranked ahead of other debt; and
 (b) has priority if debt has to be redeemed in cases of liquidation.

Part 2—The Australian Broadcasting Corporation