Section 3 - Financial Sector Reform (New South Wales) Act 1999 - Definitions

3Definitions

Start here

Get a plain-English read of 3

Turn the raw legal text into a practical explanation grounded in Financial Sector Reform (New South Wales) Act 1999.

3 Definitions

In this Act:

AFIC means the Australian Financial Institutions Commission established by the AFIC Act.

AFIC Act means the Australian Financial Institutions Commission Act 1992 of Queensland.

AFIC Code means the AFIC (NSW) Code.

AFIC (NSW) Code means the provisions applying before the transfer date because of section 5 of the Financial Institutions (New South Wales) Act 1992, and includes the AFIC (NSW) Regulations.

AFIC (NSW) Regulations means the provisions applying before the transfer date because of section 6 of the Financial Institutions (New South Wales) Act 1992.

AFIC Regulations means the AFIC (NSW) Regulations.

APRA means the Australian Prudential Regulation Authority.

APRA Act means the Australian Prudential Regulation Authority Act 1998 of the Commonwealth.

APRA employee means a person appointed under section 45 of the APRA Act.

ASIC means the Australian Securities and Investments Commission.

authorised APRA officer, in a provision of Part 4, means a person authorised under section 9 to perform or exercise the functions or powers of an authorised APRA officer under that provision.

employee, in relation to AFIC or FINCOM, includes a person engaged by AFIC or FINCOM on a contract for services.

enforcement power means a function or power relating to:

(a) the investigation of an offence, or

(b) the institution and carrying on of a prosecution for an offence, or

(c) matters relating to an investigation or prosecution of an offence.

Financial Institutions Code means the Financial Institutions (NSW) Code.

financial institutions legislation has the same meaning as in the AFIC Code.

Financial Institutions (NSW) Code means the provisions applying before the transfer date because of section 8 of the Financial Institutions (New South Wales) Act 1992, and includes the Financial Institutions (NSW) Regulations.

Financial Institutions (NSW) Regulations means the provisions applying before the transfer date because of section 9 of the Financial Institutions (New South Wales) Act 1992.

FINCOM means the New South Wales Financial Institutions Commission.