Western Australian Consolidated Acts Western Australian Consolidated Acts In this Act, unless
the contrary intention appears —
board of commissioners means the governing body of
the Commission provided for by section 5(1);
board of directors means the governing body of the
Corporation provided for by section 29(1);
borrow includes —
(a)
reborrow; and
(b)
obtain credit; and
(c)
arrange for financial accommodation;
business undertaking includes any person,
corporation, trust, joint venture, government agency or other entity engaging
or intending to engage in economic activity;
Commission means the body continued by
section 4 under the corporate name “Insurance Commission of Western
Australia”;
Commission account means a Fund, a fund
established under section 7(4)(a) or a trust of which the Commission is a
trustee under section 7(4)(c);
commissioner means —
(a) a
person appointed to the board of commissioners under section 5(1)(a),
including the chairman and the deputy chairman of the board of commissioners;
or
(b) the
managing director;
community organisation means —
(a) an
association incorporated under the Associations Incorporation Act 1987 ;
or
(b) a
company limited by guarantee that is registered under section 150 of the
Corporations Act 2001 of the Commonwealth; or
(c) a
company holding a licence that continues in force under section 151 of
the Corporations Act 2001 of the Commonwealth;
Corporation means the State Government Insurance
Corporation established by this Act;
debt paper means inscribed stock, bonds,
debentures, debentures with coupons annexed or any other bearer securities, or
instrument evidencing indebtedness;
director of the Corporation
means —
(a) the
managing director; or
(b) a
person appointed to the board of directors under section 29(1)(b),
including the deputy chairman of the board of directors;
eligible community organisation has the meaning
given in section 3A;
Fund means a fund established under
section 16;
insurance includes assurance, co-insurance,
re-insurance, guarantee and surety;
insurer means a corporation carrying on business
under the Insurance Act 1973 or the Life Insurance Act 1945 2
of the Commonwealth or under each of those Acts;
managing director means the chief executive
officer of the Commission appointed under section 11;
policy includes contract;
public authority means —
(a) a
department of the Public Service; or
(b) an
agency, authority or instrumentality of the Crown in right of the State; or
(c) a
body, whether corporate or unincorporate, that is established or continued for
a public purpose under a written law, other than a body, or a body of a class,
that is excluded by regulation from the operation of this definition;
risk management does not include the management of
risks associated with an investment;
Treasurer means the Treasurer of the State.
[Section 3 amended by No. 45 of 1996
s. 6; No. 34 of 2002 s. 4.]