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Banking Act 1959

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
accountable person

has the meaning given by sections 37BA and 37BB.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Banking Act 1959 - 37BA Meaning of accountable person
account‐holder

means an entity (as defined in section 960‐100 of the

Income Tax Assessment Act 1997

) that holds in its name, or keeps in its name, (either alone or jointly with another entity) an account or covered financial product with an ADI.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
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.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
ADI

is short for authorised deposittaking institution.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
ADI statutory manager

has the meaning given by subsection 13A(2).

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Banking Act 1959 - 13A Consequences of inability or failure of ADI etc. to meet certain requirements
administrator

, of a body corporates business, means an appointed under subsection 13A(1) to take control of the body corporates business.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Banking Act 1959 - 13A Consequences of inability or failure of ADI etc. to meet certain requirements
administrator of an ADIs business

means an administrator appointed under subsection 13A(1) to take control of an ADIs business.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Banking Act 1959 - 13A Consequences of inability or failure of ADI etc. to meet certain requirements
advance

includes loan.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
appointed auditor

means an auditor appointed in accordance with the prudential standards.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
approved form

means a form approved, in writing, by APRA.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
APRA

means the Australian Prudential Regulation Authority.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
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.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Australia

includes the Territories.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Australian business assets and liabilities

, of a foreign ADI, has the meaning given by subsection 11E(3).

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Banking Act 1959 - 11E Limited application of Division 2 etc. to foreign ADIs
authorised deposit‐taking institution

means a body corporate in relation to which an authority under subsection 9(3) is in force.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Banking Act 1959 - 9 Authority to carry on banking business
authorised NOHC

means a body corporate:

(a) in relation to which an authority under subsection 11AA(2) is in force; and

(b) that is a NOHC of an ADI or ADIs.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Banking Act 1959 - 11AA Authority to be a NOHC
Banking Act statutory manager

has the meaning given by subsection 13A(2).

Banking Act 1959 Banking Act 1959 - 5 Interpretation
Banking Act 1959 - 13A Consequences of inability or failure of ADI etc. to meet certain requirements

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.