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

Terrorism and Cyclone Insurance Act 2003

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

means the Australian Prudential Regulation Authority.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
Australia

means the Commonwealth of and, when used in a geographical sense, includes the Territory of Christmas Island and the Territory of Cocos (Keeling) Islands, but does not include any other external Territory.

Note: See also section 15B.

Acts Interpretation Act 1901 Acts Interpretation Act 1901 - 15B 15B
Acts Interpretation Act 1901 - 2B Definitions
body corporate

for a strata or community title development has the meaning prescribed by the regulations.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
building

means a as defined by the regulations for the purposes of that paragraph.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 8B Definition of pool insurance contract
Bureau

means the Commonwealth of Meteorology.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
claims period

for a cyclone event means the period:

(a) starting on the day, and at the time, specified under paragraph 8F(1)(a) for the cyclone event; and

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
Terrorism and Cyclone Insurance Act 2003 - 8F Declarations about cyclone events
contents

means as defined by the regulations for the purposes of that paragraph.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 8B Definition of pool insurance contract
Corporation

means the Australian Reinsurance Pool established by section 9.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
Terrorism and Cyclone Insurance Act 2003 - 9 Establishment of Corporation
cyclone

has the meaning prescribed by the regulations.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
cyclone event

means a declared under subsection 8F(1) in relation to a cyclone.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
Terrorism and Cyclone Insurance Act 2003 - 8F Declarations about cyclone events
cyclone reinsurance contract

means a contract of reinsurance that the Corporation enters into as reinsurer under Part 2A.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
cyclone reinsurance scheme

means:

(a) the scheme operated by the Corporation in performing its function under paragraph 10(b) (cyclone and related flood damage reinsurance); and

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
Terrorism and Cyclone Insurance Act 2003 - 10 Functions of Corporation
declared terrorist incident

means an act or acts declared under section 6 to be a .

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
Terrorism and Cyclone Insurance Act 2003 - 6 Declared terrorist incidents
eligible cyclone loss

has the meaning given by section 8C.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
Terrorism and Cyclone Insurance Act 2003 - 8C Definition of eligible cyclone loss
eligible insurance contract

has the meaning given by section 7.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
Terrorism and Cyclone Insurance Act 2003 - 7 Eligible insurance contracts
eligible property

means the following property that is located in Australia:

(a) buildings (including fixtures) or other structures or works on, in or under land;

(b) tangible property that is located in, or on, property to which paragraph (a) applies;

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
eligible terrorism loss

means a loss or liability arising from a declared terrorist incident, but does not include a loss or liability arising from the hazardous properties (including radioactive, toxic or explosive properties) of nuclear fuel, nuclear material or nuclear waste.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
end

, in relation to a cyclone, has the meaning prescribed by the regulations.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
excess

means an amount of an insurance claim that is to be paid or borne by the insured.

Terrorism and Cyclone Insurance Act 2003 Terrorism and Cyclone Insurance Act 2003 - 3 Definitions
Finance Minister

means the Minister who administers this Act.

Public Governance, Performance and Accountability Act 2013 Public Governance, Performance and Accountability Act 2013 - 8 The Dictionary

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