Document ID: chunk:federal_register_of_legislation:C2025A00017:clause:7_40
Version: federal_register_of_legislation:C2025A00017
Segment Type: clause
Provision Reference: sch 7 cl 40
Character Range: 404000–404831

40  Definitions
  In this Part:
asset means:
 (a) any legal or equitable estate or interest in real or personal property, whether actual, contingent or prospective; or
 (b) any right, power, privilege or immunity, whether actual, contingent or prospective.
liability means any liability, duty or obligation, whether actual, contingent or prospective.
MRCC means the Military Rehabilitation and Compensation Commission that was established by section 361 of the old MRCA.
old DRCA means the DRCA as in force immediately before the date of commencement.
old MRCA means the MRCA as in force immediately before the date of commencement.
old VEA means the VEA as in force immediately before the date of commencement.

Division 2—Transitional provisions relating to the Repatriation Commission

Subdivision A—Continuation of Commission