Banking Act 1959

Submitted by Richard_Li on Fri, 02/17/2023 - 00:42

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Banking Act 1959

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 Civil evidence and procedure rules for pecuniary penalty orders
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 Civil evidence and procedure rules for pecuniary penalty orders
action that is likely to have a detrimental effect on financial system stability inNew Zealand	includes an action that prevents or interferes with an outsourcing arrangement.	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
ADI	is short for authorised deposit ‐ taking institution.	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
administrator	, of a body corporateâs business, means an administrator appointed under subsection 13A(1) to take control of the body corporateâs business.	Banking Act 1959	Banking Act 1959 - 13A Consequences of inability or failure of ADI etc. to meet certain requirements Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
advance	includes loan.	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
appointed auditor	means an auditor appointed in accordance with the prudential standards.	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
approved form	means a form approved, in writing, by APRA.	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
APRA	means the Australian Prudential Regulation Authority.	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
APRA member	means a member of APRA, including the Chair and each 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:	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 Civil evidence and procedure rules for pecuniary penalty orders
Australia	includes the Territories.	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
Australian business assets and liabilities	, of a foreign ADI, has the meaning given by subsection 11E(3).	Banking Act 1959	Banking Act 1959 - 11E Limited application of Division 2 etc. to foreign ADIs Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
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 Civil evidence and procedure rules for pecuniary penalty orders Banking Act 1959 - 9 Evidence given in proceedings for penalty not admissible in criminal proceedings
authorised NOHC	means a body corporate:	Banking Act 1959	Banking Act 1959 - 11AA Authority to be a NOHC Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
Banking Act statutory manager	has the meaning given by subsection 13A(2).	Banking Act 1959	Banking Act 1959 - 13A Consequences of inability or failure of ADI etc. to meet certain requirements Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
banking business	means:	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
business day	means a day that is not a Saturday, a Sunday or a public holiday or bank holiday in the place concerned.	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders