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Insurance Act 1973

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
accident insurance business

means the business of undertaking liability under policies of insurance in respect of the happening of personal accidents (whether fatal or not), disease or sickness or of any class of personal accidents, disease or sickness.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
accounting records

, in relation to a body corporate, includes invoices, receipts, orders for the payment of money, bills of exchange, cheques, promissory notes, vouchers and other documents of prime entry and also includes such working papers and other documents as are necessary to explain the methods and calculat

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
accounts

, except in Part VII, means ordinary and statutory .

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
ADI

is short for authorised deposittaking institution.

Banking Act 1959 Banking Act 1959 - 5 Interpretation
administrator

, of a body corporate’s business, means an appointed under subsection 62ZOA(1) to take control of the body corporate’s business.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
Insurance Act 1973 - 62ZOA Consequences of inability or failure of general insurer etc. to meet certain requirements
affairs

, in relation to a body corporate that is a general insurer, authorised NOHC or the subsidiary of a general insurer or authorised NOHC or to a body corporate associated with another body corporate, includes:

Insurance Act 1973 Insurance Act 1973 - 50 Interpretation
approved form

means (except in section 62ZZKA) a form approved, in writing, by APRA.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
Insurance Act 1973 - 62ZZKA Giving information about payments in a financial year
APRA

means the Australian Prudential Regulation Authority.

Insurance Act 1973 Insurance Act 1973 - 3 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.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
Australia

includes a Territory to which this Act extends.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
Australian business assets and liabilities

, of a foreign general insurer, has the meaning given by subsection 62ZVA(3).

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
Insurance Act 1973 - 62ZVA Limited application of Divisions 1, 1A and 2 to foreign general insurers
authorised NOHC

means a body corporate:

(a) authorised under section 18; and

(b) that is a NOHC of a general insurer or general insurers.

Insurance Act 1973 Insurance Act 1973 - 18 Authorisation to be a NOHC
Insurance Act 1973 - 3 Interpretation
authorised person

:

(a) except in Part VA, means a person authorised under subsection (1A); or

(b) in Part VA, means APRA, or a person authorised by APRA, in writing, for the purposes of that Part.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
barrister or solicitor

means a of the High Court or of the Supreme Court of a State, or of the Australian Capital Territory or the Northern Territory.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
books

includes any register or other record of information or any accounts or accounting records, however compiled, recorded or stored, and also includes any document.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
business day

means a day that is not a Saturday, a Sunday or a public holiday or bank holiday in the place concerned.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation
charge

means a created in any way and includes a mortgage or an agreement to give or execute a or mortgage, whether upon demand or otherwise.

Insurance Act 1973 Insurance Act 1973 - 3 Interpretation

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