Commonwealth Numbered Acts

FINANCIAL SECTOR (SHAREHOLDINGS) ACT 1998No. 55, 1998 - SECT 3

100% subsidiary has the same meaning as in the Income Tax Assessment Act 1997 .

agreement means any agreement, whether formal or informal and whether express or implied.

Australia , when used in a geographical sense, includes the external Territories.

authorised deposit-taking institution has the same meaning as in the Banking Act 1959 .

authorised insurance company means:

(a) a company authorised under the Insurance Act 1973 to carry on insurance business; or

(b) a company registered under the Life Insurance Act 1995 .

Federal Court means the Federal Court of Australia.

financial sector company means:

(a) an authorised deposit-taking institution; or

(b) an authorised insurance company; or

(c) a holding company of a company covered by paragraph (a) or (b).

scheme means:

(a) any agreement, arrangement, understanding, promise or undertaking, whether express or implied and whether or not enforceable, or intended to be enforceable, by legal proceedings; and

(b) any scheme, plan, proposal, action, course of action or course of conduct, whether unilateral or otherwise.

Note: Schedule 1 sets out definitions of expressions used in Part 2 (which deals with restrictions on shareholdings).