Document ID: chunk:federal_register_of_legislation:C2007A00074:clause:2_1
Version: federal_register_of_legislation:C2007A00074
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 32372–34514

1  Definitions
In this Schedule:
acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
Agency means:
 (a) ASIC as established under the Australian Securities and Investments Commission Act 2001 immediately before the commencement time; or
 (b) CAMAC as established under the Australian Securities and Investments Commission Act 2001 immediately before the commencement time; or
 (c) APRA as established under the Australian Prudential Regulation Authority Act 1998 immediately before the commencement time.
Agency head means:
 (a) in relation to ASIC—the Chairperson of ASIC; or
 (b) in relation to CAMAC—the Convenor of CAMAC; or
 (c) in relation to APRA—the Chair of APRA.
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.
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.
financial liability means a liability to pay a person an amount, where the amount, or the method for working out the amount, has been determined.
just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.
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.
member means:
 (a) in relation to ASIC—a member of ASIC; or
 (b) in relation to CAMAC—a member of CAMAC; or
 (c) in relation to APRA—an APRA member.

Part 2—Application and transitional provisions for ASIC and CAMAC

Division 1—Application provision for ASIC and CAMAC