Commonwealth Consolidated Acts

NORTHERN TERRITORY (LESSEES' LOANS GUARANTEE) ACT 1954 - SECT 3

    In this Act, unless the contrary intention appears:

"ADI" (authorised deposit - taking institution) means:

  (a)   a body corporate that is an ADI for the purposes of the Banking Act 1959 ; or

  (b)   the Reserve Bank of Australia .

"eligible person" means the holder of a pastoral homestead lease or an agricultural lease granted under an Ordinance of the Northern Territory of Australia relating to Crown lands, but does not include a company.

"loan" includes an advance by way of overdraft.