Document ID: chunk:federal_register_of_legislation:C2025C00019:clause:2_1
Version: federal_register_of_legislation:C2025C00019
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 9899–11896

1  Definitions
In this Schedule:
acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
asset means:
 (a) any legal or equitable estate or interest in real or personal property, whether actual, contingent or prospective; or
 (b) any right, power, privilege or immunity, whether actual, contingent or prospective.
assets official, in relation to an asset other than land, means the person or authority who, under a law of the Commonwealth, a State or a Territory, under a trust instrument or otherwise, has responsibility for keeping a register in relation to assets of the kind concerned.
Commonwealth record has the same meaning as in the Archives Act 1983.
declaration day means the day that a body is declared as the industry services body.
director has the same meaning as in the Primary Industries and Energy Research and Development Act 1989.
exempt matter means:
 (a) the transfer of an asset or liability under this Schedule; or
 (b) the operation of this Schedule in any other respect.
final reporting period means the period:
 (a) starting on 1 July 2013; and
 (b) ending on 30 September 2013.
funding contract means a contract, deed or agreement entered into between the SRDC and another person or body for the purpose of funding R&D activities relating to sugar cane by the other person or body.
industry services body means the body that was the industry services body under the Sugar Research and Development Services Act 2013 on 31 December 2024.
just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.
liability means any liability, duty or obligation, whether actual, contingent or prospective.
SRDC means the Sugar Research and Development Corporation declared to be established by the Sugar Research and Development Corporation Regulations 1990.
transitional period means the period:
 (a) starting on the declaration day; and
 (b) ending on 30 September 2013.

Part 2—SRDC's functions in respect of transitional period