5Interpretation

5 Interpretation

In this Act, unless the contrary intention appears –

accounting standards means the accounting standards, and other requirements, issued by the Australian Accounting Standards Board continued in existence under the Australian Securities and Investments Commission Act 2001 of the Commonwealth;

advance means an advance under Part 12 ;

ancillary features, in relation to movable residential premises, has the meaning it has in section 8 ;

annual report in relation to a financial year, means the annual report of Homes Tasmania prepared under section 26 in respect of the financial year;

applicant means –

(a) a person who has made an application for an advance; and

(b) a person who has made an application under section 56(2) for an advance or for the sale and transfer of residential premises;

Board means the Homes Tasmania Board established under section 14 ;

borrower means a person who has obtained an advance;

building works includes –

(a) the construction, structural alteration, repair, demolition or maintenance (including the re-pointing, re-decoration and external cleaning) of a building or structure; and

(b) the preparation for, and laying of, the foundations of a proposed building or structure;

capital cost, in relation to residential premises, includes –

(a) a sum that Homes Tasmania determines to cover the cost, if any, of survey and subdivision, and the development, of the land on which the residential premises is erected (including the construction of streets); and