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Financial Sector (Shareholdings) Act 1998

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
interest in a share

has the meaning given by clause 7.

Financial Sector (Shareholdings) Act 1998
lender

, in relation to a loan security, means the person who is entitled to enforce the security.

Financial Sector (Shareholdings) Act 1998
lending money

includes providing non ‐ equity finance where the provision of the finance may reasonably be regarded as equivalent to lending money.

Financial Sector (Shareholdings) Act 1998
loan security

means a security held solely for the purposes of a moneylending agreement.

Financial Sector (Shareholdings) Act 1998
management employee

, in relation to a company, means an employee of the company who is concerned in, or takes part in, the management of the company.

Financial Sector (Shareholdings) Act 1998
moneylending agreement

means an agreement entered into in good faith in the ordinary course of carrying on a business of lending money, but does not include an agreement dealing with any matter unrelated to the carrying on of that business.

Financial Sector (Shareholdings) Act 1998
officer

, in relation to a company, means:

Financial Sector (Shareholdings) Act 1998
ownership provisions

means Part 2 and this Schedule.

Financial Sector (Shareholdings) Act 1998
parent

: without limiting who is a parent of a person for the purposes of this Act, someone is the parent of a person if the person is his or her child because of the definition of child in this clause.

Financial Sector (Shareholdings) Act 1998
power to appoint a director of a company

has a meaning affected by clause 5.

Financial Sector (Shareholdings) Act 1998
practical control

, in relation to a financial sector company, has the meaning given by section 23.

Financial Sector (Shareholdings) Act 1998 Financial Sector (Shareholdings) Act 1998 - 23 Treasurer may declare person to have practical control of a financial sector company
relevant licensed company

, in relation to an approval under paragraph 14(1)(b), means the company to which subsection 14A(3) or (4) applied in granting the approval.

Financial Sector (Shareholdings) Act 1998 Financial Sector (Shareholdings) Act 1998 - 3 Entering into an agreement or arrangement
Financial Sector (Shareholdings) Act 1998 - 14 Approval of application
rules

means rules made under subsection 45A(1).

Financial Sector (Shareholdings) Act 1998 Financial Sector (Shareholdings) Act 1998 - 3 Entering into an agreement or arrangement
Financial Sector (Shareholdings) Act 1998 - 45A Rules
scheme

means:

Financial Sector (Shareholdings) Act 1998 Financial Sector (Shareholdings) Act 1998 - 3 Entering into an agreement or arrangement
share

, in relation to a company, means a share in the share capital of the company, and includes:

Financial Sector (Shareholdings) Act 1998
stake

, in relation to a company, has the meaning given by clause 10.

Financial Sector (Shareholdings) Act 1998
total resident assets

has the meaning given by subsection 14A(5).

Financial Sector (Shareholdings) Act 1998 Financial Sector (Shareholdings) Act 1998 - 14A Criteria for applications relating to new or recently established financial sector companies
Financial Sector (Shareholdings) Act 1998 - 3 Entering into an agreement or arrangement
unacceptable shareholding

situation has the meaning given by section 10.

Financial Sector (Shareholdings) Act 1998
voting power

has the meaning given by clause 9.

Financial Sector (Shareholdings) Act 1998 Financial Sector (Shareholdings) Act 1998 - 1 Object

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