128Definitions

#### 128 Definitions 128 Definitions > > (1) In this Part— > > > > administrative proceedings means proceedings on a claim referred to in section 131. > > > > compensable loss means loss or damage of the kind referred to in section 129 (1), other than loss or damage of the kind referred to in section 129 (2). > > > > compensation means compensation from the Torrens Assurance Fund to which a person is entitled under section 129. > > > > court proceedings means proceedings referred to in section 132. > > > > insurer means a professional indemnity insurer and any other person who carries on an insurance business within the meaning of the [Insurance Act 1973](http://www.legislation.gov.au/) of the Commonwealth. > > > > professional indemnity insurer means an insurer, scheme or fund (whether or not established by or under any Act or law) by or from which claims are payable, being claims made by persons sustaining loss or damage owing to any fraudulent, wilful or negligent act or omission by a person carrying on business in a particular profession, trade or calling. > > > (2) In this Part, approved determination of native title, native title and native title rights and interests have the same meanings as they have in the [Native Title Act 1993](http://www.legislation.gov.au/) of the Commonwealth. > > **s 128:** Rep 1977 No 19, Sch 1. Ins 1992 No 52, sec 3. Subst 2000 No 28, Sch 1 \[12\]. Am 2009 No 17, Sch 1 \[11\]; 2025 No 50, Sch 4\[38\].