Commonwealth Consolidated Acts Commonwealth Consolidated ActsDefinitions--general
"Board" means the Board of the NTAI Corporation.
"Board member" means a member of the Board (including the Chair).
"borrow" : see subsection 65BJ(7).
"CEO" means the Chief Executive Officer of the NTAI Corporation.
"derivative" means a derivative (within the meaning of Chapter 7 of the Corporations Act 2001 ) that is a financial asset.
"financial asset" : see subsection (5).
"investment" : see subsection (4).
Note: Invest has a corresponding meaning: see section 18A of the Acts Interpretation Act 1901 .
"Land Council Board member" means a Board member who is appointed by a Land Council under subsection 65EB(1).
"NTAI Corporation" (short for Northern Territory Aboriginal Investment Corporation) means the body established by subsection 65B(1).
"NTAI Corporation rules" means the rules made under section 65JE.
"paid work" means work for financial gain or reward (whether as an employee, a self - employed person or otherwise).
"responsible entity" for a Board member means:
(a) for a Land Council Board member--the Land Council that appointed the Board member under subsection 65EB(1); or
(b) for a Board member referred to in paragraph 65EA(b)--the Minister; or
(c) for a Board member referred to in paragraph 65EA(c)--the Finance Minister; or
(d) for a Board member referred to in paragraph 65EA(d)--the Board.
"strategic investment plan" means a strategic investment plan developed under section 65C, and includes a strategic investment plan as revised under that section.
"subsidiary" of the NTAI Corporation means a subsidiary of the NTAI Corporation for the purposes of the Public Governance, Performance and Accountability Act 2013 .
"wholly-owned subsidiary" of the NTAI Corporation means a subsidiary of the NTAI Corporation none of whose members is a person other than:
(a) the NTAI Corporation; or
(b) a nominee of the Corporation; or
(c) a subsidiary of the Corporation, being a subsidiary none of whose members is a person other than:
(i) the NTAI Corporation; or
(ii) a nominee of the Corporation; or
(d) a nominee of such a subsidiary.
References to the NTAI Corporation
(2) For all purposes, if an expression defined in subsection (1) contains "NTAI Corporation", the expression when used as so defined may also be referred to by replacing "NTAI Corporation" with any name or acronym specified in the NTAI Corporation rules for the purposes of subsection 65B(2).
(3) Subsection (2) does not limit subsection 65B(2).
Investments and financial assets
(4) For the purposes of this Part, an investment is any mode of application of money or financial assets for the purpose of gaining a return (whether by way of income, capital gain or any other form of return).
(5) A reference in this Part to a financial asset is a reference to:
(a) an asset that, in accordance with GFS Australia, is treated as a financial asset for the purposes of the GFS system in Australia; or
(b) an asset specified in the NTAI Corporation rules for the purposes of this paragraph;
but does not include a reference to an asset that, under the NTAI Corporation rules, is taken to be a non - financial asset for the purposes of this Part.
(6) The following expressions have the same meaning when used in subsection (5) as they have in the Future Fund Act 2006 :
(c) GFS system.