In this Act, unless the context indicates otherwise—

"Bank"

means the Land and Agricultural Development Bank of South Africa trading as the Land Bank;

"Board"

means the board of directors of the Bank as constituted in terms of section 8;

"chairperson"

means the chairperson of the Board designated in terms of section 8(1);

"Chief Executive Officer"

means the person appointed in terms of section 17(1);

"Department"

means the Department in the national sphere of government administering this Act;

"financial service"

means a financial service normally rendered by a financial institution as defined in section 1 of the Financial Services Board Act, 1990 (Act No. 97 of 1990), save for accepting deposits other than as provided for in this Act;

"government"

means the government of the Republic of South Africa;

"Minister"

means the Minister responsible for agriculture;

"prescribed"

means prescribed by regulation;

"this Act"

includes the regulations;

"valuer"

means a valuer appointed under section 50(2), and includes a Board member, an adviser or employee of the Bank authorised in writing to value any property offered as security for an advance under this Act.