Document ID: chunk:federal_register_of_legislation:C2016C00156:clause:1_8
Version: federal_register_of_legislation:C2016C00156
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 7029–8046

8  Definitions
In this Part:
asset means:
 (a) any legal or equitable estate or interest in real or personal property, whether actual, contingent or prospective; and
 (b) any right, power, privilege or immunity, whether actual, contingent or prospective.
commencement time means the commencement of Part 1 of this Schedule.
Commonwealth entity means an individual or body exercising powers or performing functions under a law of the Commonwealth.
Corporation means the Albury‑Wodonga Development Corporation.
instrument includes:
 (a) a contract, deed, undertaking, arrangement or agreement; and
 (b) a notice, authority, order or instruction; and
 (c) an instrument made under an Act or legislative instrument.
land means any legal or equitable estate or interest in real property, whether actual, contingent or prospective.
liability means any liability, duty or obligation, whether actual, contingent or prospective.
Secretary means the Secretary of the Department.

Division 2—Transfer of assets and liabilities