(1) In this Act, except where the context otherwise requires -

"Act of 2001" means the Dormant Accounts Act 2001;

"Agency" means the National Treasury Management Agency;

"approved policy" means - (a) a policy approved by the Revenue Commissioners - (i) for the purpose of receiving payments from retirement benefit schemes approved under Chapter 1 of Part 30 of the Taxes Consolidation Act 1997, or (ii) under section 784 or 785(1)(a) of Part 30 of the Taxes Consolidation Act 1997, or (b) a Personal Retirement Savings Account established with an insurance undertaking;