Northern Territory Consolidated Acts Northern Territory Consolidated ActsIn this Act:
"associate", see section 3A.
"Board", see section 9(1).
"Chairperson" means the Chairperson of the Board.
"Chief Executive Officer" means the person holding or acting in the office of Chief Executive Officer referred to in section 19.
"commercial business" means the part of the Office's business that is not the MAC business.
"Deputy Chairperson" means the Deputy Chairperson of the Board.
"Determinations" means the Determinations made under section 33A.
"financial service" means:
(a) the acceptance of deposits and the making of loans and investments; and
(b) any matter relating to a service mentioned in paragraph (a).
"Fund" means the Motor Accidents (Compensation) Fund established by section 22B.
"insurance" includes assurance, additional insurance, counter insurance, treaty and internal insurance, and re-insurance, guarantee and surety, but does not include life insurance other than insurance in respect of death in or as a result of an accident involving a motor vehicle or life insurance on an agency basis.
"MAC business" means the part of the Office's business that relates to the administration of the MAC scheme.
"MAC scheme" means the scheme of compensation established by the Motor Accidents (Compensation) Act .
"member" means a member of the Board and includes the Chief Executive Officer on and from his or her appointment to the Board.
"Office" means the Territory Insurance Office established by this Act.
"statement of corporate intent", for a financial year, means a statement of corporate intent prepared for that year that is in force under section 8A.