South Australian Consolidated Acts

FINANCIAL SECTOR REFORM (SOUTH AUSTRALIA) ACT 1999 - SECT 4

4—Interpretation

        (1)         In this Act—

"AFIC" means the Australian Financial Institutions Commission established by the AFIC Act;

"AFIC Act" means the Australian Financial Institutions Commission Act 1992 of Queensland;

"AFIC Code" means—

            (a)         the AFIC (South Australia) Code; and

            (b)         the AFIC (South Australia) Regulations,

as in force immediately before the transfer date;

"APRA" means the Australian Prudential Regulation Authority;

"APRA Act" means the Australian Prudential Regulation Authority Act 1998 of the Commonwealth;

"APRA employee" means a person appointed under section 45 of the APRA Act;

"ASIC" means the Australian Securities and Investments Commission;

"Commonwealth Reform Act" means the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 of the Commonwealth;

"Credit Unions Contingency Fund" means the fund of that name established under the Financial Institutions Code;

"employee", in relation to AFIC, includes a person engaged by AFIC on a contract for services;

"enforcement power" means a function or power relating to—

            (a)         the investigation of an offence; or

            (b)         the institution and carrying on of a prosecution of an offence; or

            (c)         matters relating to an investigation or prosecution of an offence;

"Financial Institutions Code" or "Financial Institutions (South Australia) Code means—

            (a)         the Financial Institutions (South Australia) Code; and

            (b)         the Financial Institutions (South Australia) Regulations,

as in force immediately before the transfer date;

"financial institutions legislation" has the same meaning as in section 8 of the AFIC Code;

"fiscal bodies legislation" has the same meaning as in section 3 of the AFIC Code;

"Friendly Societies Code" or "Friendly Societies (South Australia) Code means—

            (a)         the Friendly Societies (South Australia) Code; and

            (b)         the Friendly Societies (South Australia) Regulations,

as in force immediately before the transfer date;

"relevant Commonwealth body" means APRA or ASIC;

"SAOFS" means the South Australian Office of Financial Supervision;

"SSA" means State Supervisory Authority;

"Supervision Fund" means the fund of that name established under the Financial Institutions Code;

"transfer date" means the date that, under section 3(16) of the Commonwealth Reform Act, is specified as the transfer date for the purposes of that Act.

        (2)         In this Act, a reference to a Commonwealth Act includes a reference to—

            (a)         that Commonwealth Act as amended and in force for the time being; and

            (b)         an Act enacted in substitution for that Act.