Insurance Act 1973

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

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Insurance Act 1973

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 Persons involved in contravening civil penalty provision
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 Persons involved in contravening civil penalty provision
accounts	, except in Part VII , means ordinary accounts and statutory accounts.	Insurance Act 1973	Insurance Act 1973 - 3 Persons involved in contravening civil penalty provision
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 62ZOA(1) to take control of the body corporateâs business.	Insurance Act 1973	Insurance Act 1973 - 3 Persons involved in contravening civil penalty provision 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 Persons involved in contravening civil penalty provision 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 Persons involved in contravening civil penalty provision
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.	Insurance Act 1973	Insurance Act 1973 - 3 Persons involved in contravening civil penalty provision
Australia	includes a Territory to which this Act extends.	Insurance Act 1973	Insurance Act 1973 - 3 Persons involved in contravening civil penalty provision
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 Persons involved in contravening civil penalty provision Insurance Act 1973 - 62ZVA Limited application of Divisions 1, 1A and 2 to foreign general insurers
authorised NOHC	means a body corporate:	Insurance Act 1973	Insurance Act 1973 - 3 Persons involved in contravening civil penalty provision Insurance Act 1973 - 18 Authorisation to be a NOHC
authorised person	:	Insurance Act 1973	Insurance Act 1973 - 3 Persons involved in contravening civil penalty provision
barrister or solicitor	means a barrister or solicitor 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 Persons involved in contravening civil penalty provision
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 Persons involved in contravening civil penalty provision
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 Persons involved in contravening civil penalty provision
charge	means a charge created in any way and includes a mortgage or an agreement to give or execute a charge or mortgage, whether upon demand or otherwise.	Insurance Act 1973	Insurance Act 1973 - 3 Persons involved in contravening civil penalty provision