Terms used
45 Terms used
In this Division and Schedule 1, unless the contrary intention appears —
account includes —
a withdrawable share account or deposit account; and
any record of a subscription for withdrawable shares or of a deposit;
appropriated debt means an available debt, or the portion of an available debt, to which a debt appropriation order applies;
financial institution means —
an ADI (authorised deposit‑taking institution) as defined in section 5 of the Banking Act 1959 of the Commonwealth; or
a bank constituted by a law of a State, a Territory or the Commonwealth; or
a co‑operative registered under the Co‑operatives Act 2009 that is permitted under that Act to accept money on deposit; or
[(d) deleted]
an investment fund or corporation;
third person, in relation to a debt appropriation order, means the person to whom the order is addressed.
[Section 45 amended: No. 17 of 2005 s. 20; No. 24 of 2009 s. 507 and 512.]
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