Terms used
92 Terms used
In this Division —
authorised financial institution or AFI means —
an ADI (authorised deposit taking institution) as defined in the Banking Act 1959 (Commonwealth) section 5; or
a bank constituted by a law of a State, a Territory or the Commonwealth; or
any other body,
that was prescribed, or that belongs to a class of bodies that was prescribed, for the purposes of the definition of that term under Schedule 1 clause 1 as in force immediately before the commencement day;
commencement day means the day on which the Residential Tenancies Amendment Act 2011 section 87 comes into operation;
security bond held in an AFI means an amount of a security bond held in an AFI and that was so held immediately before the commencement day.
[Section 92 inserted: No. 60 of 2011 s. 86; amended: No. 11 of 2024 s. 51.]
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