61Interpretation

#### 61 Interpretation (1) In this Part: > Australian policy owners’ retained profits, in relation to a statutory fund at a particular time, means the total of: (a) the starting amount; and (b) the total of the amounts allocated, before that time, under paragraph 60(1)(a); less: (c) the total of the amounts referred to in paragraphs (a) and (b) distributed before that time; and (d) the total of the amounts allocated, before that time, under paragraph 60(2)(a). > overseas policy owners’ retained profits, in relation to a statutory fund at a particular time, means the total of: (a) the starting amount; and (b) the total of the amounts allocated, before that time, under paragraph 60(1)(c); less: (c) the total of the amounts referred to in paragraphs (a) and (b) distributed before that time; and (d) the total of the amounts allocated, before that time, under paragraph 60(2)(c). > shareholders’ capital, in relation to a statutory fund at a particular time, means the total of: (a) the starting amount; and (b) the total amount of capital payments allocated, before that time, under subsection 59(5); less the total of the amounts referred to in paragraphs (a) and (b) distributed before that time. > shareholders’ retained profits (Australian participating), in relation to a statutory fund at a particular time, means the total of: (a) the starting amount; and (b) the total of the amounts allocated, before that time, under paragraph 60(1)(b); less: (c) the total of the amounts referred to in paragraphs (a) and (b) distributed before that time; and (d) the total of the amounts allocated, before that time, under paragraph 60(2)(b). > shareholders’ retained profits (overseas and non‑participating), in relation to a statutory fund at a particular time, means the total of: (a) the starting amount; and (b) the total of the amounts allocated, before that time, under paragraphs 60(1)(e) and (f); less: (c) the total of the amounts referred to in paragraphs (a) and (b) distributed before that time; and (d) the total of the amounts allocated, before that time, under paragraphs 60(2)(e) and (f). > starting amount, for the purposes of a definition in this section, means the amount ascertained in accordance with prudential standards made for the purposes of the definition. (2) In its application to a company other than a company limited only by shares, a provision of this Division that includes the expression “share holders’” is to be read as follows: (a) the provision is to be read as if “members’” were substituted for “shareholders’”; (b) in the case of subsection 62(1), the resulting reference to “members’ funds” is to be read as a reference to an account of the company representing funds that are not assets of a statutory fund.