Document ID: chunk:federal_register_of_legislation:C2023C00441:section:5:p1
Version: federal_register_of_legislation:C2023C00441
Segment Type: section
Provision Reference: s 5 (pt 1/4)
Character Range: 11898–14707

5  Definitions
  In this Act:
Aboriginal and Torres Strait Islander Land and Sea Future Fund means the Aboriginal and Torres Strait Islander Land and Sea Future Fund established by section 9 of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018.
Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account means the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account established by section 12 of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018.
accountable authority has the meaning given by the Public Governance, Performance and Accountability Act 2013.
acquire includes acquire by way of issue.
actuary means a person who is a Fellow or an Accredited Member of the Institute of Actuaries of Australia.
Agency means the Future Fund Management Agency established by section 74.
asset means:
 (a) any kind of real or personal property; or
 (b) any legal or equitable estate or interest in real or personal property; or
 (c) any legal or equitable right.
balance of the Fund means the sum of:
 (a) amounts standing to the credit of the Fund Account; and
 (b) the value of investments of the Fund.
bank has the same meaning as in the Public Governance, Performance and Accountability Act 2013.
Board means the Future Fund Board of Guardians established by section 34.
Board member means a member of the Board, and includes the Chair.
business entity means:
 (a) a company; or
 (b) a partnership; or
 (c) a trust; or
 (d) a body politic.
business judgment means any decision to take or not take action in respect of a matter relevant to the operations of the Board.
Chair means the Chair of the Board.
civil penalty provision has the meaning given by the Regulatory Powers (Standard Provisions) Act 2014.
Commonwealth company has the same meaning as in the Public Governance, Performance and Accountability Act 2013.
Commonwealth‑owned financial asset means a financial asset held by the Commonwealth.
corporate Commonwealth entity has the meaning given by the Public Governance, Performance and Accountability Act 2013.
derivative means a derivative (within the meaning of Chapter 7 of the Corporations Act 2001) that is a financial asset.
designated actuary has the meaning given by clause 2 of Schedule 3.
DisabilityCare Australia Fund means the DisabilityCare Australia Fund established by section 10 of the DisabilityCare Australia Fund Act 2013.
DisabilityCare Australia Fund Special Account means the DisabilityCare Australia Fund Special Account established by section 11 of the DisabilityCare Australia Fund Act 2013.
Disaster Ready Fund means the Disaster Ready Fund referred to in section 9 of the Disaster Ready Fund Act 2019.
Disaster Ready Fund Special Account means the Disaster Ready Fund Special