Document ID: chunk:federal_register_of_legislation:C2023C00318:section:5:p1
Version: federal_register_of_legislation:C2023C00318
Segment Type: section
Provision Reference: s 5 (pt 1/5)
Character Range: 9448–12495

5  Definitions
  In this Act:
Account means the National Reconstruction Fund Corporation Special Account established by section 51.
acquire includes:
 (a) acquire by way of issue; and
 (b) acquire by way of formation.
Note: Formation of a partnership involves acquiring an interest in the partnership.
asset means:
 (a) any kind of real or personal property; or
 (b) any legal or equitable estate or interest in real or personal property; or
 (c) any legal or equitable right.
Australia, when used in a geographical sense, includes the external Territories.
Australia's greenhouse gas emissions reduction targets means:
 (a) if:
 (i) Australia's current nationally determined contribution was communicated in accordance with Article 4 of the Paris Agreement in June 2022; and
 (ii) that nationally determined contribution has not been adjusted in accordance with paragraph 11 of Article 4 of the Paris Agreement;
  the greenhouse gas emissions reduction targets set out in paragraphs 10(1)(a) and (b) of the Climate Change Act 2022; or
 (b) in any other case—the greenhouse gas emissions reduction targets included in:
 (i) Australia's current nationally determined contribution communicated in accordance with Article 4 of the Paris Agreement; or
 (ii) if that nationally determined contribution has been adjusted in accordance with paragraph 11 of Article 4 of the Paris Agreement—that nationally determined contribution, as adjusted and in force from time to time.
Board means the Board of the Corporation.
Board member means a member of the Board (and includes the Chair).
CEO means the Chief Executive Officer of the Corporation.
Chair means the Chair of the Board.
Commonwealth entity has the same meaning as in the Public Governance, Performance and Accountability Act 2013.
Commonwealth place means a Commonwealth place within the meaning of the Commonwealth Places (Application of Laws) Act 1970.
company means a body corporate.
constitutional corporation means a corporation to which paragraph 51(xx) of the Constitution applies. To avoid doubt, the definition of Corporation does not apply to this definition.
constitutionally‑supported activities means activities covered by one or more of the following paragraphs:
 (a) activities carried out with respect to constitutional trade or commerce;
 (b) activities carried out with respect to the defence of Australia;
 (c) activities with respect to a postal, telegraphic, telephonic or other like service (within the meaning of paragraph 51(v) of the Constitution);
 (d) activities that contribute to the achievement of Australia's obligations under the Paris Agreement;
 (e) activities that contribute to the achievement of Australia's obligations under an international agreement other than the Paris Agreement;
 (f) activities with respect to the provision of medical or dental services by the Commonwealth;
 (g) activities with respect to a fishery to which paragraph 51(x) of the Constitution applies;
 (h) activities with respect to astronomical or meteorological observations;
 (i)