Document ID: chunk:federal_register_of_legislation:C2024A00093:clause:1_1
Version: federal_register_of_legislation:C2024A00093
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 4382–5003

1  Subsection 3C(1)
Insert:
digital asset means:
 (a) a digital representation of value or rights (including rights to property), the ownership of which is evidenced cryptographically and that is held and transferred electronically by:
 (i) a type of distributed ledger technology; or
 (ii) another distributed cryptographically verifiable data structure; or
 (b) a right or thing prescribed by the regulations;
but does not include any right or thing that, under the regulations, is taken not to be a digital asset for the purposes of this Part.
seize, for a digital asset, has a meaning affected by subsection 3FA(8).