Document ID: chunk:federal_register_of_legislation:C2013A00072:clause:2_1
Version: federal_register_of_legislation:C2013A00072
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 3365–4573

1  Definitions
In this Schedule:
asset means:
 (a) any legal or equitable estate or interest in real or personal property, whether actual, contingent or prospective; and
 (b) any right, power, privilege or immunity, whether actual, contingent or prospective.
continued Council means the Australia Council as continued in existence after the transition time.
Note: Section 7 of the new Act provides for the Australia Council to continue in existence.
Council transition means the transition from the old Council to the continued Council.
instrument includes an Act and any instrument made under an Act.
liability means any liability, duty or obligation, whether actual, contingent or prospective.
new Act means the Australia Council Act 2013.
new Board means the Board of the Australia Council established by section 14 of the new Act.
old Act means the Australia Council Act 1975, including regulations and other instruments made under that Act.
old Council means the Australia Council as established and in existence before the transition time.
Note: The Australia Council was established by section 4 of the old Act.
transition time means the commencement of section 3 of the new Act.

Part 2—The Council