Interpretation of this Division
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.
[9/2013; 31/2017]