Document ID: chunk:federal_register_of_legislation:C2015A00087:clause:2_1:p1
Version: federal_register_of_legislation:C2015A00087
Segment Type: clause
Provision Reference: sch 2 cl 1 (pt 1/2)
Character Range: 51969–54737

1  Interpretation
(1) In this Schedule:
APRA means the Australian Prudential Regulation Authority.
APRA Act means the Australian Prudential Regulation Authority Act 1998.
APRA Minister means the Minister administering the APRA Act.
APRA Special Account has the same meaning as it has in the APRA Act.
asset means:
 (a) any legal or equitable estate or interest in real or personal property, whether actual, contingent or prospective; and
 (b) any right, power, privilege or immunity, whether actual, contingent or prospective.
assets official, in relation to an asset other than land, means the person or authority who:
 (a) under a law of the Commonwealth, a State or a Territory; or
 (b) under a trust instrument; or
 (c) otherwise;
has responsibility for keeping a register in relation to assets of the kind concerned.
collapsed insurer levy has the same meaning as it had in the PHI Act as in force immediately before the transition time.
Collapsed Insurer Special Account has the same meaning as it has in the APRA Act as amended by this Act.
Council means the Private Health Insurance Administration Council.
Council administration levy has the same meaning as it had in the PHI Act as in force immediately before the transition time.
Council money: see subitem 16(1).
Council‑supervised obligation has the same meaning as it had in the PHI Act as in force immediately before the transition time.
Federal Court means the Federal Court of Australia.
Health Minister means the Minister administering the PHI Act.
imposition day has the same meaning as it had in section 307‑1 of the PHI Act as in force immediately before the transition time.
land means any legal or equitable estate or interest in real property, whether actual, contingent or prospective.
land registration official, in relation to land, means the Registrar of Titles or other proper officer of the State or Territory in which the land is situated.
liability means any liability, duty or obligation, whether actual, contingent or prospective.
PHI Act means the Private Health Insurance Act 2007.
Prudential Supervision Act means the Private Health Insurance (Prudential Supervision) Act 2015.
Risk Equalisation Special Account has the same meaning as it has in the PHI Act as amended by this Act.
Risk Equalisation Trust Fund has the same meaning as it had in the PHI Act as in force immediately before the transition time.
transferring employee has the meaning given by subitem 31(2).
transition time means the commencement of section 1 of the Prudential Supervision Act.
(2) Unless rules made under item 43 provide otherwise, if this Schedule provides that an Act (or a Part, Division or provision of an Act) as in force immediately before the transition time, continues to apply in relation to