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RESERVE BANK ACT 1959 - SECT 5 Interpretation

RESERVE BANK ACT 1959 - SECT 5

Interpretation

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

"ADI" (authorised deposit - taking institution) means a body corporate that is an ADI for the purposes of the Banking Act 1959 .

"APRA" means the Australian Prudential Regulation Authority.

"APRA member" has the same meaning as in the Australian Prudential Regulation Authority Act 1998 .

"APRA staff member" has the same meaning as in the Australian Prudential Regulation Authority Act 1998 .

"Australia" includes the Territories.

"Deputy Governor" means the Deputy Governor of the Bank.

"monetary and banking policy" means monetary and banking policy for the purposes of the Bank's functions or powers under this Act or any other Act, but does not include payments system policy.

"payment system" has the same meaning as in the Payment Systems (Regulation) Act 1998 .

"payments system policy" means policy for the purposes of the Bank's functions or powers under:

  (a)   the Payment Systems (Regulation) Act 1998 ; and

  (b)   the Payment Systems and Netting Act 1998 ; and

  (c)   Part   7.3 of the Corporations Act 2001 .

"repealed Act" means an Act repealed by this Act or by the Commonwealth Bank Act 1945 .

"staff member of the Reserve Bank Service" means:

  (a)   a person appointed by the Bank under section   67; or

  (b)   a person engaged by the Bank under section   68.

"statutory office" means the office of Governor or Deputy Governor.

"the Bank" or the Reserve Bank means the Reserve Bank of Australia .

"the former Commonwealth Bank of" Australia means the Commonwealth Bank of Australia established under the Commonwealth Bank Act 1911 and continued in existence under the Commonwealth Bank Act 1945 .

"the Governor" means the Governor of the Bank.

  (2)   Unless the contrary intention appears, a reference in this Act to an Act includes a reference to regulations made under that Act.