Document ID: chunk:federal_register_of_legislation:C2024C00482:clause:1_192:p2
Version: federal_register_of_legislation:C2024C00482
Segment Type: clause
Provision Reference: sch 1 cl 192 (pt 2/2)
Character Range: 51673–53165

to be held by the body to which it is transferred on trust and subject to the terms of the trust on which the asset was so held by the Commission.
(5) In this item:
class A exempted asset means:
 (a) the money standing to the credit of the Housing Fund immediately before ATSIC abolition day; or
 (b) any housing loan or business loan made by, or vested in, the Commission that is declared by the Minister, by notice in writing, to be a class A exempted asset; or
 (c) any other asset of the Commission that is declared by the Minister, by notice in writing, to be a class A exempted asset.
class A exempted liability means any liability of the Commission that is declared by the Minister, by notice in writing, to be a class A exempted liability.
class B exempted asset means:
 (a) the money standing to the credit of the Regional Land Fund immediately before ATSIC abolition day; or
 (b) any other asset of the Commission that is declared by the Minister, by notice in writing, to be a class B exempted asset.
class B exempted liability means any liability of the Commission that is declared by the Minister, by notice in writing, to be a class B exempted liability.
(6) A notice that declares assets to be class A or class B exempted assets or declares liabilities to be class A or class B exempted liabilities:
 (a) may identify those assets or liabilities by class or in any other manner; and
 (b) is not a legislative instrument for the purposes of the Legislative Instruments Act 2003.