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Australian Prudential Regulation Authority Act 1998

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
action that is likely to have a detrimental effect on financial system stability in New Zealand

includes an action that prevents or interferes with an outsourcing arrangement.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
APRA

means the Australian Prudential Regulation Authority.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
APRA member

means a member of APRA, including the Chair and Deputy Chair.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
APRA Special Account

means the Australian Prudential Regulation Authority Special Account established by section 52.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
Australian Prudential Regulation Authority Act 1998 - 52 Australian Prudential Regulation Authority Special Account
APRA staff member

means any of the following:

(a) a person appointed by APRA under section 45; or

(b) a person assisting APRA under section 46; or

(c) a person engaged by APRA under section 47.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
Australian Prudential Regulation Authority Act 1998 - 45 Appointment of permanent, temporary and casual staff
Australian Prudential Regulation Authority Act 1998 - 47 Consultants and other people engaged to perform services
ASIC

means the Australian Securities and Investments Commission.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
ASIC member

means a member of ASIC.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
body regulated by APRA

has the meaning given by subsection (2).

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 2 Commencement
Australian Prudential Regulation Authority Act 1998 - 3 Definitions
Chair

means the APRA member appointed as of APRA.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
Collapsed Insurer Special Account

: see subsection 54F(1).

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
Australian Prudential Regulation Authority Act 1998 - 54F Private Health Insurance Collapsed Insurer Special Account
CSC

(short for Commonwealth Superannuation Corporation) means the body corporate continued in existence by section 5.

Governance of Australian Government Superannuation Schemes Act 2011 Governance of Australian Government Superannuation Schemes Act 2011 - 4 Definitions
Governance of Australian Government Superannuation Schemes Act 2011 - 5 Establishment
Deputy Chair

means the APRA member appointed as of APRA.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
Financial Claims Scheme Special Account

means the established by section 54A.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
Australian Prudential Regulation Authority Act 1998 - 54A Financial Claims Scheme Special Account
financial sector supervisory agency

means a person or body having the function, in Australia or in a foreign country, of supervising or regulating financial institutions.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
New Zealand

financial institution

means a financial institution, as defined in section 2 of the Reserve Bank of Act 1989 of , that carries on a business in .

Australian Prudential Regulation Authority Act 1998
New Zealand financial institution

means a financial institution, as defined in section 2 of the Reserve Bank of New Zealand Act 1989 of New Zealand, that carries on a business in New Zealand.

Australian Prudential Regulation Authority Act 1998
outsourcing arrangement

means an arrangement for the business of a New Zealand financial institution, or functions relating to such business, to be carried on by an entity other than the institution.

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
prescribed New Zealand authority

means the following:

(a) the Reserve Bank of New Zealand;

(b) an authority of the government of New Zealand that:

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
prudential regulation or advice services

means services of either or both of the following kinds:

(a) services consisting of APRA performing a role in the prudential regulation or supervision of entities;

Australian Prudential Regulation Authority Act 1998 Australian Prudential Regulation Authority Act 1998 - 3 Definitions
virtual enquiry technology

means any technology that allows a person to appear at all or part of a hearing, examination or other enquiry without being physically present at the hearing, examination or other enquiry.

(2) Each of the following is a

Australian Prudential Regulation Authority Act 1998

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