New South Wales Consolidated Acts

HOME BUILDING ACT 1989 - SECT 103F

103F Interpretation

(1) In this Part--

"beneficiary" means a person covered by an indemnity from the State under Division 2.

"builder" means a contractor or supplier (within the meaning of Part 6), an owner-builder or person who does residential building work otherwise than under a contract.

"guarantee fund" or
"Fund" means the Home Building Insurers Guarantee Fund.

"insolvent insurer" means an insurer to whom--

(a) an order of the Treasurer in force under section 16A of the Insurance Protection Tax Act 2001 relates, or

(b) an order of the Minister in force under section 103G relates.

"insolvent insurer's policy" means a contract of insurance, required under Part 6, that has been entered into by an insolvent insurer, whether before or after the insurer became an insolvent insurer.

"insurer" --

(a) means a licensed insurer other than the Self Insurance Corporation, but

(b) does not include an insolvent insurer.

"liquidator" includes a provisional liquidator.

(2) In this Part, a reference to a liquidator or to a provisional liquidator includes a reference to a liquidator or a provisional liquidator appointed outside New South Wales.

(3) So far as the legislative power of Parliament permits, the liquidator of an insolvent insurer has outside New South Wales the functions conferred or imposed on the liquidator by this Part, in addition to having those functions within New South Wales.

(4) This Part has effect despite any provisions of the Corporations (New South Wales) Act 1990 or of the applicable provisions (as defined in that Act) of the State.