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In forceUpdated to 30 Jun 2025
Contents

Part 8 · Resolution of Financial Institutions

65. Interpretation of this Division

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 67(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 66(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.

“business” includes affairs, property, right, obligation and liability;

“certificate” means a certificate of transfer issued by the Minister under section 67(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 66(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.

Report

Part 9

Digital Token Service Providers

Part 10

Inspection Powers of Authority

Part 10A

Investigations

Part 11

Offences

Part 12

Miscellaneous

Part 13

Consequential and Related Amendments to Other Acts

Part 14

Savings and Transitional Provisions

Schedules