Document ID: chunk:federal_register_of_legislation:C2006A00051:clause:1_66
Version: federal_register_of_legislation:C2006A00051
Segment Type: clause
Provision Reference: sch 1 cl 66
Character Range: 12653–14813

66  Definitions

(1) In this Part:
acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
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; 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.
Australian Reward Investment Alliance means the board established under section 20 of the Superannuation Act 1990 immediately after the commencement time.
commencement time means the time when this Part commences.
CSS Board means the CSS Board established under section 27A of the Superannuation Act 1976 immediately before the commencement time.
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.
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.
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.

(2) Subject to subitem (1), an expression used in this Part that is also used in the Superannuation Act 1976, the Superannuation Act 1990, or the Superannuation Act 2005, as amended by this Schedule, has the same meaning in this Part as it has in that Act.

Division 2—Assets, liabilities and legal proceedings