3Definitions

#### 3 Definitions In this Act, unless the contrary intention appears: > 100% subsidiary has the same meaning as in the Income Tax Assessment Act 1997. > agreement means any agreement, whether formal or informal and whether express or implied. > APRA means the Australian Prudential Regulation Authority. > assets threshold has the meaning given by subsections 14A(6) and (7). > Australia, when used in a geographical sense, includes the external Territories. > authorised deposit‑taking institution has the same meaning as in the Banking Act 1959. > authorised insurance company means: (a) a company authorised under the Insurance Act 1973 to carry on insurance business; or (b) a company registered under section 21 of the Life Insurance Act 1995. > civil penalty provision has the same meaning as in the Regulatory Powers Act. > company means a body corporate. > Federal Court means the Federal Court of Australia. > financial sector company means: (a) an authorised deposit‑taking institution; or (b) an authorised insurance company; or (c) a holding company of a company covered by paragraph (a) or (b). > holding company has the meaning given by section 4. > Regulatory Powers Act means the Regulatory Powers (Standard Provisions) Act 2014. > relevant licensed company, in relation to an approval under paragraph 14(1)(b), means the company to which subsection 14A(3) or (4) applied in granting the approval. > rules means rules made under subsection 45A(1). > scheme means: (a) any agreement, arrangement, understanding, promise or undertaking, whether express or implied and whether or not enforceable, or intended to be enforceable, by legal proceedings; and (b) any scheme, plan, proposal, action, course of action or course of conduct, whether unilateral or otherwise. > total resident assets has the meaning given by subsection 14A(5). > unacceptable shareholding situation has the meaning given by section 10. > Note: Schedule 1 sets out definitions of expressions used in Part 2 (which deals with restrictions on shareholdings).