65ADefinitions

65A Definitions

Definitions—general (1) In this Part:

Board means the Board of the NTAI Corporation.

Board member means a member of the Board (including the Chair).

borrow: see subsection 65BJ(7).

CEO means the Chief Executive Officer of the NTAI Corporation.

derivative means a derivative (within the meaning of Chapter 7 of the Corporations Act 2001) that is a financial asset.

financial asset: see subsection (5).

investment: see subsection (4).

Note: Invest has a corresponding meaning: see section 18A of the Acts Interpretation Act 1901.

Land Council Board member means a Board member who is appointed by a Land Council under subsection 65EB(1).

NTAI Corporation (short for Northern Territory Aboriginal Investment Corporation) means the body established by subsection 65B(1).

NTAI Corporation rules means the rules made under section 65JE.

paid work means work for financial gain or reward (whether as an employee, a self‑employed person or otherwise).

responsible entity for a Board member means:

(a) for a Land Council Board member—the Land Council that appointed the Board member under subsection 65EB(1); or
(b) for a Board member referred to in paragraph 65EA(b)—the Minister; or
(c) for a Board member referred to in paragraph 65EA(c)—the Finance Minister; or
(d) for a Board member referred to in paragraph 65EA(d)—the Board.

strategic investment plan means a strategic investment plan developed under section 65C, and includes a strategic investment plan as revised under that section.

subsidiary of the NTAI Corporation means a subsidiary of the NTAI Corporation for the purposes of the Public Governance, Performance and Accountability Act 2013.

wholly‑owned subsidiary of the NTAI Corporation means a subsidiary of the NTAI Corporation none of whose members is a person other than:

(a) the NTAI Corporation; or
(b) a nominee of the Corporation; or
(c) a subsidiary of the Corporation, being a subsidiary none of whose members is a person other than:
(i) the NTAI Corporation; or
(ii) a nominee of the Corporation; or
(d) a nominee of such a subsidiary.