Terrorism and Cyclone Insurance Act 2003
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3 Definitions
In this Act, unless the contrary intention appears:
APRA means the Australian Prudential Regulation Authority.
Australia includes Norfolk Island.
Note: See also section 2B of the Acts Interpretation Act 1901 (which provides that in any Act Australia includes the Territory of Christmas Island and the Territory of Cocos (Keeling) Islands) and section 15B of the Acts Interpretation Act 1901 (which includes the coastal sea).
body corporate for a strata or community title development has the meaning prescribed by the regulations.
Bureau means the Commonwealth Bureau of Meteorology.
claims period for a cyclone event means the period:
(a) starting on the day, and at the time, specified under paragraph 8F(1)(a) for the cyclone event; and
(b) ending on the day, and at the time, specified under paragraph 8F(2)(c) for the cyclone event.
Corporation means the Australian Reinsurance Pool Corporation established by section 9.
cyclone has the meaning prescribed by the regulations.
cyclone event means a cyclone event declared under subsection 8F(1) in relation to a cyclone.
cyclone reinsurance contract means a contract of reinsurance that the Corporation enters into as reinsurer under Part 2A.
cyclone reinsurance scheme means:
(a) the scheme operated by the Corporation in performing its function under paragraph 10(b) (cyclone and related flood damage reinsurance); and
(b) any other activities the Corporation undertakes for the purposes of performing that function.
declared terrorist incident means an act or acts declared under section 6 to be a declared terrorist incident.
eligible cyclone loss has the meaning given by section 8C.
eligible insurance contract has the meaning given by section 7.
eligible property means the following property that is located in Australia:
(a) buildings (including fixtures) or other structures or works on, in or under land;
(b) tangible property that is located in, or on, property to which paragraph (a) applies;
(c) any other property prescribed by the regulations.