5 3 Interpretation In this Act⎯ “administrator” means an administrator appointed under section 6(1), and includes any assistant administrator appointed under that provision; “administration”, in relation to a troubled financial institution, means the administration of the troubled financial institution in accordance with the notice of declaration or a scheme of resolution; “associate”, “board”, “curator”, “director”, “chief executive officer”, “inspector”, “registered” and “supervisor” have the meanings assigned to those terms by the Banking Act; “the Banking Act” means the Banking Act [Chapter 24:20]; “the Companies Act” means the Companies Act [Chapter 24:03]; “commencement of the administration” means the date when a declaration in relation to a financial institution takes effect in terms of section 6(7); “court”, “Master”, “Registrar”, “secretary” and “share” have the meanings assigned to those terms by the Companies Act; “declaration” means a declaration issued in terms of section 6; “document” includes any document stored in electronic form in any computer; “financial institution” means— (a) any banking institution registered or required to be registered in terms of the Banking Act [Chapter 24:20]; or (b) any building society registered or required to be registered in terms of the Building Societies Act [Chapter 24:02]; or (c) the People’s Own Savings Bank established in terms of the People’s Own Savings Bank of Zimbabwe Act [Chapter 24:22]; or (d) an asset manager as defined in the Asset Management Act [Chapter 24:26]; or (e) a collective investment scheme as defined in section 3 of the Collective Investment Schemes Act, 1997; or (f) any person who carries on a business of acceptance of deposits and other repayable funds from the public; “member”, in relation to a financial institution, means⎯ (a) a shareholder, debenture-holder or other person having a right to vote at meetings of the financial institution; or (b) any contributory as defined in section 202 of the Companies Act; “Minister” means the Minister of Finance and Economic Development or any other Minister to whom the President may, from time to time, assign the administration of this Act; “officer”, in relation to a troubled financial institution, includes an auditor of the institution;

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