Section 56

In this Division, unless the context otherwise requires —“business” includes affairs, property, right, obligation and liability;“certificate” means a certificate of transfer issued by the Minister under section 58(1);“debenture” has the meaning given by section 4(1) of the Companies Act 1967;“determination” means a determination made by the Authority under section 57(1);“guaranteed policy moneys” has the meaning given by section 2 of the Insurance Act 1966;“property” includes property, right and power of every description;“specified business” means any part of the business of a transferor which is specified or identified in a certificate;“transferee” means any person to which the whole or any part of a transferor’s business is, is to be, or is proposed to be transferred under this Division;“transferor” means a pertinent financial institution the whole or any part of the business of which is, is to be, or is proposed to be transferred under this Division.