Definitions
3 Definitions
In this Act:
ADI (authorised deposit‑taking institution) means a body corporate that is an ADI for the purposes of the Banking Act 1959.
ADI financial claims scheme means the scheme provided for under Division 2AA of Part II of the Banking Act 1959.
applicable liabilities amount for a quarter has the meaning given by subsection 5(2).
applicable reporting standard means a standard that:
is determined by the Australian Prudential Regulation Authority under section 13 of the Financial Sector (Collection of Data) Act 2001; and
relates to reporting amounts for the purposes of this Act (whether or not it also relates to other matters).
levy threshold for a quarter has the meaning given by subsection 4(3).
quarter means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.
total liabilities amount for a quarter has the meaning given by subsection 4(2).
This Act’s bill:Explanatory memorandumSecond reading speech
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