Document ID: chunk:federal_register_of_legislation:C2008A00061:clause:2_1
Version: federal_register_of_legislation:C2008A00061
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 20450–22686

1  Definitions
In this Schedule:
amend includes repeal and remake.
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.
assets official, in relation to an asset other than land, means the person or authority who, under a law of the Commonwealth, a State or a Territory, under a trust instrument or otherwise, has responsibility for keeping a register in relation to assets of the kind concerned.
commencement time means the time when this Schedule commences.
guidance means guidance formulated under paragraph 227B(1)(c) of the Australian Securities and Investments Commission Act 2001.
instrument:
 (a) includes:
 (i) a contract, deed, undertaking or agreement; and
 (ii) a notice, authority, order or instruction; and
 (iii) an instrument made under an Act or regulations; and
 (iv) regulations; but
 (b) does not include an Act.
land means any legal or equitable estate or interest in real property, whether actual, contingent or prospective.
land registration official, in relation to land, means the Registrar of Titles or other proper officer of the State or Territory in which the land is situated.
liability means any liability, duty or obligation, whether actual, contingent or prospective.
new law means the Australian Securities and Investments Commission Act 2001 as in force immediately after the commencement time.
old law means the Australian Securities and Investments Commission Act 2001 as in force immediately before the commencement time.
standard means:
 (a) an accounting standard made under section 334 of the Corporations Act 2001; or
 (b) an auditing standard made under section 336 of that Act; or
 (c) a document that:
 (i) deals with the interpretation of such an accounting standard; and
 (ii) such an accounting standard requires to be applied; or
 (d) an accounting standard formulated under paragraph 227(1)(c) of the Australian Securities and Investments Commission Act 2001; or
 (e) an auditing standard or assurance standard formulated under paragraph 227B(1)(b) of that Act.

Part 2—Assets, liabilities and legal proceedings