4Definitions

4 Definitions

4 Definitions

(1) In this Act, except in so far as the context or subject-matter otherwise indicates or requires—

actuary means—

(a) a Fellow of the Institute of Actuaries incorporated by Royal Charter on 29 July 1884,

(b) a Fellow of the Faculty of Actuaries in Scotland, or

(c) the holder of a prescribed qualification as an actuary,

who has practised as an actuary for a continuous period of not less than 5 years.

authorised deposit-taking institution means an authorised deposit-taking institution within the meaning of the Banking Act 1959 of the Commonwealth.

bankers’ books means—

(a) books of a bank, building society or credit union,

(b) cheques, orders for the payment of money, bills of exchange and promissory notes in the possession or under the control of a bank, building society or credit union, and

(c) securities or documents of title to securities in the possession or under the control of a bank, building society or credit union whether by way of pledge or otherwise.

company means a company within the meaning of the Corporations Act 2001 of the Commonwealth.

contributor means a person—

(a) who makes or has made periodic contributions, or on whose behalf periodic contributions are or have been made, to a person carrying on contributory funeral benefit business, and

(b) who is thereby entitled to be provided with a funeral benefit on his or her death.

contributory funeral benefit business means business in relation to a scheme or arrangement for the provision of funeral benefits to contributors.

Department means the Department of Customer Service.

funeral benefit means—

(a) the supply of any funeral service, with or without the supply of goods connected with that service, or

(b) the payment of money, upon the death of a person, for the purpose of meeting the whole or a part of the expenses of and incidental to the funeral of that person.

funeral contribution fund means—