Definitions for pt 7
197A Definitions for pt 7
In this part—account—
means a facility or arrangement through which a financial institution accepts deposits or allows withdrawals; and
includes a facility or arrangement with a financial institution for a fixed term deposit or safety deposit box.
financial institution includes—
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
another corporation that permits persons to deposit money with it for use by, or at the direction of, the persons for gaming or betting.
senior police officer means a police officer of at least the rank of inspector.
This Act’s bill:Explanatory memorandum
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