Executor Means the person(s) nominated to administer and distribute the Deceased Estate in the Will. Farmer As defined in section 4 of the Farm Debt Mediation Act 1994 (NSW) (meaning a person (whether an individual person or a corporation) who is solely or principally engaged in a Farming Operation and includes a person who owns land cultivated under a share-farming agreement and the personal representatives of a deceased farmer). Farming Operation Is as defined in section 4AB of the Farm Debt Mediation Act 1994 (NSW) as meaning a Business undertaking that primarily involves one or more of the following activities: (a) agriculture (for example, crop growing and livestock or grain farming); (b) aquaculture; (c) the cultivation or harvesting of timber or native vegetation; and/or any activity involving primary production carried out in connection with an activity referred to in paragraphs (a)-(c). Financial Difficulty Financial Difficulty has the meaning given to it in paragraph 168. Grant of Probate Means a court order granted by the Supreme Court (of the relevant state or territory) that confirms the Will is valid, and the Executor(s) has/have authority to administer and distribute the Deceased Estate. Guarantor An individual who gives a guarantee and/or indemnity to secure a Loan that we give to another individual or to a Small Business to which Part B6 of the Code applies. Informal Overdraft Has the meaning given to it in paragraph 65. Letters of Administration Means a court order granted by the Supreme Court (of the relevant state or territory) which allows the administrator(s) (the person who is appointed by the Court) to administer and distribute the Deceased Estate where there is no Grant of Probate Loan The credit or financial accommodation provided to you under the Banking Service, including, but not limited to, credit facility, credit contract, loan facility, home loan, personal loans, bill facilities, overdrafts, commercial Asset Finance. Merchant A provider of goods and services. National Credit Code The National Credit Code set out in Schedule 1 of the National Consumer Credit Protection Act. National Consumer Credit Protection Act National Consumer Credit Protection Act 2009 (Cth). Next of Kin Ordinarily, this means the deceased customer's closest living relative who is 18 years or older identified on the deceased’s death certificate and who is entitled at law to deal with the Deceased Estate, however this will need to be determined on a case by case basis. No Overdrawn Fees Has the meaning given to it in paragraph 65. No Dishonour Fees Has the meaning given to it in paragraph 65. Banking Code of Practice | 39
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