Document ID: chunk:federal_register_of_legislation:C2024C00482:clause:1_191:p1
Version: federal_register_of_legislation:C2024C00482
Segment Type: clause
Provision Reference: sch 1 cl 191 (pt 1/2)
Character Range: 45265–48005

191  Transitional arrangements—Interpretation
(1) In this Part, unless the contrary intention appears:
assets means property of every kind and, without limiting the generality of the foregoing, includes:
 (a) choses in action; and
 (b) rights, interests and claims of every kind in or to property, whether arising under an instrument or otherwise, and whether legal or equitable, liquidated or unliquidated, certain or contingent, accrued or accruing.
ATSIC abolition day means the day on which Schedules 1 and 2 to this Act commence.
ATSIC Act means the Aboriginal and Torres Strait Islander Commission Act 1989.
authorised officer means the Minister, the Secretary of the Department or any other person authorised by the Minister for the purposes of this Part.
business loan instrument means an instrument subsisting immediately before ATSIC abolition day under which:
 (a) the Commonwealth makes a business loan, or makes a grant relating to a business loan, under a business loans program; or
 (b) the Commonwealth takes a security, or gives a guarantee, in respect of a business loan, under a business loans program; or
 (c) the Commonwealth protects its interest in such a business loan or grant or in respect of such a security or guarantee.
business loans program means a program of expenditure (other than expenditure under Part 2 of the ATSIC Act) that is declared by the Minister, by notice in writing, to be a business loans program.
class A exempted asset has the meaning given by item 192.
class A exempted instrument has the meaning given by item 193.
class A exempted liability has the meaning given by item 192.
class B exempted asset has the meaning given by item 192.
class B exempted instrument has the meaning given by item 193.
class B exempted liability has the meaning given by item 192.
Commission means the Aboriginal and Torres Strait Islander Commission that was established under section 6 of the ATSIC Act.
Commissioner means a member of the Commission.
Commission instrument means an instrument subsisting immediately before ATSIC abolition day:
 (a) to which the Commission or a Commission predecessor was a party; or
 (b) that was given to, or in favour of, the Commission or a Commission predecessor; or
 (c) in which a reference is made to the Commission or a Commission predecessor; or
 (d) under which money is or was, or may become or may have become, payable to the Commission or a Commission predecessor; or
 (e) under which any other property is or was to be, or may become liable to be or to have been, transferred to or by the Commission or a Commission predecessor.
Commission predecessor means:
 (a) the Aboriginal Loans Commission established by section 6 of the Aboriginal Loans Commission Act