Document ID: chunk:federal_register_of_legislation:C2004C00908:clause:3_2
Version: federal_register_of_legislation:C2004C00908
Segment Type: clause
Provision Reference: sch 3 cl 2
Character Range: 51146–52094

2  Definitions
In this Schedule:
repeal day means the day on which this item commences.
residual assets means:
 (a) any legal or equitable estates or interests in real or personal property, including contingent or prospective ones; and
 (b) any rights, privileges and immunities including contingent or prospective ones;
of the Commission immediately before the repeal day.
residual instruments means instruments that are in force immediately before the repeal day:
 (a) to which the Commission is a party; or
 (b) that were given to, by or in favour of the Commission; or
 (c) in which a reference is made to the Commission; or
 (d) under which any money is or may become payable, or any other property is to be, or may become liable to be, transferred, conveyed or assigned, to or by the Commission.
residual liability means liabilities and duties of the Commission, including contingent and prospective ones, immediately before the repeal day.