“applicant” means an institution of a public character in respect of which an application for approval to a Central Fund Administrator has been made;

“appropriate Central Fund Administrator”, in relation to an approved institution of a public character, means the Central Fund Administrator which approved the institution of a public character;

“approved institution of a public character” means an institution of a public character which is approved by a Central Fund Administrator under section 37 of the Act;

“related approved institution of a public character”, in relation to a Central Fund Administrator, means an approved institution of a public character which is approved by that Central Fund Administrator.