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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12BA

Interpretation

             (1)  In this Division, unless the contrary intention appears:

"acquire" , in relation to services, includes accept.

"acquisition" of services has the meaning given by section 12BD.

"assert a right to payment" has the meaning given by section 12BEA.

"authority" , in relation to a State or Territory (including an external Territory), means:

                     (a)  a body corporate established for a purpose of the State or the Territory by or under a law of the State or Territory; or

                     (b)  an incorporated company in which the State or the Territory, or a body corporate referred to in paragraph (a), has a controlling interest.

"authority of the Commonwealth" means:

                     (a)  a body corporate established for a purpose of the Commonwealth by or under a law of the Commonwealth or a law of a Territory; or

                     (b)  an incorporated company in which the Commonwealth, or a body corporate referred to in paragraph (a), has a controlling interest.

"business" includes a business not carried on for profit.

"conduct" has the meaning given by subsection (2).

"consumer" has the meaning given by section 12BC.

"consumer contract" has the meaning given by subsection 12BF(3).

"contract" has the meaning given by section 12BE.

"covenant means a covenant (including a promise not under seal) annexed to or running with an estate or interest in land (whether at law or in equity and whether or not for the benefit of other land) and proposed covenant" has a corresponding meaning.

"enforcement proceeding" means a proceeding instituted under Subdivision G of Division 2 of Part 2 (other than section 12GNB).

"engage in conduct" has the meaning given by subsection (2).

"Family Court Judge" means a Judge of the Family Court (including the Chief Judge, the Deputy Chief Judge, a Judge Administrator or a Senior Judge).

"financial corporation" :

                     (a)  means a financial corporation within the meaning of paragraph 51(xx) of the Constitution; and

                     (b)  includes a body corporate that carries on as its sole or principal business the business of:

                              (i)  banking (other than State banking not extending beyond the limits of the State concerned); or

                             (ii)  insurance (other than State insurance not extending beyond the limits of the State concerned).

"financial product" has the meaning given by section 12BAA.

"financial service" has the meaning given by section 12BAB.

"infringement notice" means an infringement notice issued under section 12GXA.

"infringement notice compliance period" for an infringement notice has the meaning given by section 12GXF.

"infringement notice provision" means a provision of Subdivision C, D or GC (other than section 12DA, section 12DE, subsection 12DG(1) or section 12DI or 12DM).

"misleading" includes the meaning given by section 12BB.

"non-party consumer" means:

                     (a)  in relation to conduct referred to in subparagraph 12GNB(1)(a)(i)--a person who is not, or has not been, a party to an enforcement proceeding in relation to the conduct; and

                     (b)  in relation to a term of a consumer contract referred to in subparagraph 12GNB(1)(a)(ii)--a person who is not, or has not been, a party to an enforcement proceeding in relation to the term.

"price" includes a charge of any description.

"provision" , in relation to an understanding, means any matter forming part of the understanding.

"rely on" , in relation to a term of a consumer contract, includes the following:

                     (a)  attempt to enforce the term;

                     (b)  attempt to exercise a right conferred, or purportedly conferred, by the term;

                     (c)  assert the existence of a right conferred, or purportedly conferred, by the term.

"re-supply" of services has the meaning given by section 12BD.

"send includes deliver, and sent and sender" have corresponding meanings.

"services" includes any rights (including rights in relation to, and interests in, real or personal property), benefits, privileges or facilities that are, or are to be, provided, granted or conferred in trade or commerce but does not include:

                     (a)  the supply of goods within the meaning of the Competition and Consumer Act 2010 ; or

                     (b)  the performance of work under a contract of service.

"substantiation notice" means a notice under section 12GY.

"substantiation notice compliance period" for a substantiation notice has the meaning given by subsection 12GYB(2).

"supply" :

                     (a)  includes provide, grant or confer when used as a verb in relation to services; and

                     (b)  has a corresponding meaning when used as a noun;

and supplied and supplier have corresponding meanings.

"supply" of services has the meaning given by section 12BD.

"the Court or the Federal Court" means the Federal Court of Australia.

"trade or commerce" means trade or commerce within Australia or between Australia and places outside Australia.

"trading corporation" means a trading corporation within the meaning of paragraph 51(xx) of the Constitution.

"transparent" , in relation to a term of a consumer contract, has the meaning given by subsection 12BG(3).

"unfair" , in relation to a term of a consumer contract, has the meaning given by subsection 12BG(1).

"unsolicited financial products" means financial products supplied to a person without any request made by the person or on the person's behalf.

"unsolicited financial services" means financial services supplied to a person without any request made by the person or on the person's behalf.

"upfront price" has the meaning given by subsection 12BI(2).

             (2)  In this Division:

                     (a)  a reference to engaging in conduct is a reference to doing or refusing to do any act, including:

                              (i)  making, or giving effect to a provision of, a contract or arrangement; or

                             (ii)  arriving at, or giving effect to a provision of, an understanding; or

                            (iii)  requiring the giving of, or giving, a covenant; and

                     (b)  a reference to conduct, when that expression is used as a noun otherwise than as mentioned in paragraph (a), is a reference to doing or refusing to do any act, including:

                              (i)  making, or giving effect to a provision of, a contract or arrangement; or

                             (ii)  arriving at, or giving effect to a provision of, an understanding; or

                            (iii)  requiring the giving of, or giving, a covenant; and

                     (c)  a reference to refusing to do an act includes a reference to:

                              (i)  refraining (otherwise than inadvertently) from doing that act; or

                             (ii)  making it known that that act will not be done; and

                     (d)  a reference to a person offering to do an act, or to do an act on a particular condition, includes a reference to the person making it known that the person will accept applications, offers or proposals for the person to do that act or to do that act on that condition, as the case may be.



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