CTHRepealedAct
Financial Corporations Act 1974
4Interpretation
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##### 4 Interpretation
(1) In this Act, unless the contrary intention appears:
> ADI (authorised deposit‑taking institution) means a corporation that is an ADI for the purposes of the Banking Act 1959.
> Australia includes all the external Territories.
> balance‑sheet includes a statement of assets and liabilities or any similar document.
> category means one of the categories into which registered corporations are divided in the list prepared for the purposes of section 10.
> co‑operative housing society means a society registered or incorporated as a co‑operative housing society or similar society under a law of a State or Territory.
> financial corporation means a financial corporation to which paragraph 51(xx) of the Constitution applies.
> foreign corporation means a foreign corporation within the meaning of paragraph 51(xx) of the Constitution.
> Governor means the Governor of the Reserve Bank.
> registered corporation means a corporation the name of which is entered in the Register of Corporations kept by the Reserve Bank under subsection 9(9).
> Reserve Bank means the Reserve Bank of Australia.
> share includes stock, and also includes an interest in a share or in any stock.
> trading corporation means a trading corporation to which paragraph 51(xx) of the Constitution applies.
(2) A reference in this Act to the provision of finance includes a reference to:
(a) the lending of money, with or without security;
(b) the supplying of goods by way of hire‑purchase;
(c) the sale (other than a lay‑by sale), in the course of the carrying on of a business of selling goods by retail, of goods on terms under which payment in full for the goods is not required to be made before the expiration of 3 months from the day on which the goods are sold or agreed to be sold;
(d) the letting on hire of goods;
(e) the acquisition of debts due to another person;
(f) the purchase of bills of exchange or promissory notes;
(g) the purchase of securities issued by Australia, a State or an authority of Australia or of a State; and
(h) the purchase of debentures or other securities (other than shares) issued by a corporation.
(3) For the purposes of this Act, the receipt of moneys by a co‑operative housing society in respect of the issue of shares in the capital of the co‑operative housing society shall be deemed to constitute the borrowing of those moneys by the co‑operative housing society.
(4) For the purposes of this Act, a debt shall be taken to be due notwithstanding that the time for payment of the debt has not arrived.