Major Bank Levy Act 2017

SECTION 3  

3   DEFINITIONS  
In this Act:

ADI
(authorised deposit-taking institution) means a body corporate that is an ADI for the purposes of the Banking Act 1959 .

ADI financial claims scheme
means the scheme provided for under Division 2AA of Part II of the Banking Act 1959 .

applicable liabilities amount
for a quarter has the meaning given by subsection 5(2) .

applicable reporting standard
means a standard that:

(a) is determined by the Australian Prudential Regulation Authority under section 13 of the Financial Sector (Collection of Data) Act 2001 ; and

(b) relates to reporting amounts for the purposes of this Act (whether or not it also relates to other matters).

levy threshold
for a quarter has the meaning given by subsection 4(3) .

quarter
means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.

total liabilities amount
for a quarter has the meaning given by subsection 4(2) .