Document ID: chunk:federal_register_of_legislation:C2011C00785:clause:4_1
Version: federal_register_of_legislation:C2011C00785
Segment Type: clause
Provision Reference: sch 4 cl 1
Character Range: 36562–38721

1  Definitions

(1) In this Schedule:
acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
amend includes repeal and remake.
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.
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.
commencement time means the time when this Schedule commences.
financial liability means a liability to pay a person an amount, where the amount, or the method for working out the amount, has been determined.
instrument:
 (a) includes:
 (i) a contract, deed, undertaking or agreement; and
 (ii) a notice, authority, order or instruction; and
 (iii) an instrument made under an Act or regulations; and
 (iv) regulations; but
 (b) does not include an Act.
just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.
land means any legal or equitable estate or interest in real property, whether actual, contingent or prospective.
land registration official, in relation to land, means the Registrar of Titles or other proper officer of the State or Territory in which the land is situated.
liability means any liability, duty or obligation, whether actual, contingent or prospective.
new Commission means the Australian Trade Commission established by the new law.
new law means the Australian Trade Commission Act 1985 as in force immediately after the commencement time.
old Commission means the Australian Trade Commission established by the old law.
old law means the Australian Trade Commission Act 1985 as in force immediately before the commencement time.

(2) Subject to subitem (1), an expression used in this Schedule that is also used in the new law has the same meaning in this Schedule as it has in the new law.

Part 2—Assets, liabilities and legal proceedings