Management and Investment Companies Act 1983
3Interpretation
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3 Interpretation
(1) In this Act, unless the contrary intention appears:
acting Chairman means a member who is acting as the Chairman.
acting member means a person, not being a member, who is acting as a member referred to in paragraph 7(1)(c).
ADI (authorised deposit‑taking institution) means:
(a) a body corporate that is an ADI for the purposes of the Banking Act 1959; or
(b) the Reserve Bank of Australia; or
(c) any other bank constituted by a law of a State or internal Territory.
appoint includes re‑appoint.
appointed member means the Chairman or a member referred to in paragraph 7(1)(c).
Australian company means a company that:
(a) is:
(i) a financial corporation or a trading corporation within the meaning of paragraph 51(xx) of the Constitution formed within the limits of a State; or
(ii) a company incorporated in an internal Territory; and
(b) has an authorised share capital of not less than $5,000,000 or, if some other amount is prescribed for the purposes of subsection 20 (3), that other amount.
Board means the Management and Investment Companies Licensing Board established by section 5.
business day, in relation to an act or thing, means a day that is not:
(a) a Saturday or a Sunday; or
(b) a public holiday or bank holiday in the place in which the act or thing is to be, or may be, done.
business entity means:
(a) a company;
(b) a partnership;
(c) a unit trust; or
(d) a sole trader, being a natural person.
Chairman means Chairman of the Board.
company means any body corporate, whether formed or incorporated within or outside Australia.
debenture includes debenture stock, bonds, notes and any other document evidencing or acknowledging indebtedness of a company in respect of money that is or may be deposited with or lent to the company, whether constituting a charge on property of the company or not.
document includes any record of information, however compiled, recorded or stored.
eligible business entity, in relation to a licensee, means a business entity certified under section 29 as an eligible business entity in relation to the licensee.