31Definitions

31 Definitions

In this Act, unless the contrary intention appears:

APRA means the Australian Prudential Regulation Authority.

arrangement has the same meaning as in subsection 761B(1) of the Corporations Act 2001.

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 entities are divided in the list kept for the purposes of section 11.

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.

custodian has the same meaning as in the Superannuation Industry (Supervision) Act 1993.

decision, in Part 3A, has the same meaning as in the Administrative Review Tribunal Act 2024.

discretionary mutual fund has the meaning given by subsections 5(5) and (6).

financial corporation means a financial corporation to which paragraph 51(xx) of the Constitution applies.

financial product has the same meaning as in Division 3 of Part 7.1 of the Corporations Act 2001.

financial sector agency means:

(a) ASIC; or
(b) the Reserve Bank; or
(c) a Commonwealth, State or Territory authority prescribed by the regulations.

financial sector entity has the meaning given by section 5.

foreign corporation means a foreign corporation within the meaning of paragraph 51(xx) of the Constitution.

governing body of a financial sector entity means the board of directors, trustee or trustees, committee of management, council or other governing authority of the entity.

pooled superannuation trust has the same meaning as in the Superannuation Industry (Supervision) Act 1993.

principal executive officer of a financial sector entity means the principal executive officer of the entity for the time being, by whatever name called, and whether or not he or she is a member of the governing body of the entity.