Document ID: chunk:federal_register_of_legislation:C2004A04224:clause:1_4
Version: federal_register_of_legislation:C2004A04224
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 3881–5919

4  Interpretation

  In this Act, unless the contrary intention appears:

assets means property of every kind and, without limiting the generality of the foregoing, includes:
 (a) choses in action; and
 (b) rights, interests and claims of every kind in or to property, whether arising under or because of an instrument or otherwise, and whether liquidated or unliquidated, certain or contingent, accrued or accruing.

authorised officer means:
 (a) the Minister; or
 (b) the Managing Director, or Deputy Managing Director, of EFIC; or
 (c) a person employed by EFIC.

Commission means the Australian Trade Commission.

employee of the Commission means a person employed under section 60 of the Australian Trade Commission Act 1985.

instrument includes a contract, guarantee or agreement (whether express or implied and whether made or given orally or in writing), bond, authority, order, power of attorney, mortgage, transfer, conveyance or other assurance, charge, lien, bill of lading, bill of exchange, letter of credit or security.

liabilities means liabilities of every kind and, without limiting the generality of the foregoing, includes obligations of every kind, whether arising under or because of an instrument or otherwise, and whether liquidated or unliquidated, certain or contingent, accrued or accruing.

relevant instrument means an instrument which relates to a function of the Commission under Part V of the Australian Trade Commission Act 1985 as in force immediately before the commencement of this Act and:
 (a) to which the Commission is a party; or
 (b) which was given to or in favour of the Commission; or
 (c) in which a reference is made to the Commission; or
 (d) under which money is or may become payable, or any other property is to be, or may become liable to be, transferred, conveyed or assigned, to or by the Commission;
being an instrument subsisting immediately before the commencement of this Act.

Part 2—Savings and transitional provisions concerning functions of Commission assumed by EFIC