Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 126

Interpretation

             (1)  In this Part:

"authorised person" means a person appointed under section 127.

"officer" , in relation to a company, means:

                     (a)  a person who is, or has been, an officer of the company, and includes a person who is, or has been:

                              (i)  a director, secretary or employee of the company; or

                             (ii)  the appointed actuary of the company; or

                            (iii)  the auditor of the company; or

                            (iv)  a shareholder of the company; or

                     (b)  a person who, in the capacity of an insurance intermediary (other than an insurance broker) within the meaning of the Insurance Contracts Act 1984 , is, or has been, an agent of the company.

"relevant business" , in relation to a company, means the business of the company to which a show cause notice relates.

"relevant person" , in relation to a company, means:

                     (a)  a director, secretary or employee of the company; or

                     (b)  the appointed actuary of the company; or

                     (c)  the auditor of the company.

"show cause notice" means a notice given under subsection 135(1).

             (2)  For the purposes of this Part, treat a reference in this Part to this Act as including a reference to the First Home Saver Accounts Act 2008 .



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