3Definitions

3 Definitions

3 Definitions

In this Act:

appointed day means the day appointed for the purposes of section 9.

approved person has the meaning given by section 7.

assets means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description (including money), and includes securities, choses in action and documents.

Bank means State Bank of New South Wales Limited.

business day means a day on which banks are open for business generally in New South Wales.

completion date has the meaning given by clause 1 of the Share Sale Agreement.

demand deposit means any liability of the Bank to make a payment in respect of a deposit that is withdrawable on demand, at call or on a period of notice not exceeding 2 business days, but does not include any bond entered into on terms whereby the person holding the benefit of the bond may require the Bank to repay the amount of the bond before its final maturity.

deposit has the meaning given by section 4.

instrument means an instrument (other than this Act) which creates, modifies or extinguishes rights or liabilities (or would do so if lodged, filed, registered or stamped in accordance with any law), and includes any judgment, order or process of a court.

liabilities means liabilities, debts and obligations (whether present or future and whether vested or contingent).

Memorandum means the memorandum dated 11 October 1994 between the Premier and the Treasurer for and on behalf of the State, Emerald Holding Company Limited and The Colonial Mutual Life Assurance Society Limited.

modify means modify, amend, add to or otherwise vary.

retail deposit means a deposit denominated in Australian dollars, including, without limitation:

(a) money standing to the credit of a cheque account, whether or not it is interest bearing, and

(b) money standing to the credit of accounts entitled State Saver, State One, State Super Rate, State Maximiser, State Money Wise, State Money Market and State All In One, and

(c) retail State Bank bonds, money market deposits and certificates of deposit, and

(d) any money or thing of a class specified by proclamation,

but excluding a deposit that is owing to a body corporate authorised to carry on banking business in Australia under the Banking Act 1959 of the Commonwealth.