119A

Meaning of financial institution

In force

In this part—

financial institution includes—

(a)

a corporation that is (or that, if it had been incorporated in Australia, would be) a financial corporation within the meaning of the Commonwealth Constitution, section 51(xx); and

(b)

another entity that permits persons to deposit money with it for use by, or at the direction of, the persons for gaming or betting.

This Act’s bill:Explanatory memorandum

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