4Interpretation

4 Interpretation

(1) In this Act, unless the contrary intention appears:

applicant, in relation to an application for a grant, means the person or each person, as the case may be, who, in accordance with subsection 16(2), signed the application or is to be deemed, by virtue of a direction under subsection 16(3), to have signed the application.

application means an application for a grant.

approved interest, in relation to a person in relation to land or to a dwelling‑house of a kind commonly known as a flat or home unit, means:

(a) an estate in fee simple;
(b) an interest as purchaser of an estate in fee simple from the Crown in right of a State where payment of the purchase price is to be made by instalments over a period of years;
(c) an estate for life approved by the Secretary for the purposes of this Act;
(d) a lease for a term of years from the owner of an estate in fee simple if the Secretary is satisfied that the lease gives reasonable security of tenure to the lessee for a substantial period;
(e) a lease, licence or right of occupancy from the Crown in right of the Commonwealth or a State if the Secretary is satisfied that the lease, licence or right of occupancy gives reasonable security of tenure to the lessee, licensee or holder of the right;
(f) an interest of the kind referred to in subsection 13(1); or
(g) any other interest declared by the regulations to be an approved interest for the purposes of this Act.

building society means a society registered or incorporated as a building society or a co‑operative housing society under the law in force in a State or internal Territory relating to building societies or co‑operative housing societies, and includes a society registered under Part I of the Building and Co‑operative Societies Act, 1901, of New South Wales.

credit union means a society or other body of persons:

(a) that is registered or incorporated as a credit union or credit society under the law in force in a State or internal Territory relating to credit unions or credit societies; or
(b) the principal business of which consists of borrowing moneys from its members and lending those moneys to its members and that is registered or incorporated under the law in force in a State or internal Territory relating to such societies or bodies of persons.

deceased spouse, in relation to an applicant, means a person who died before the prescribed date and was, on the date of his or her death, the spouse of the applicant.