Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014 (62 of 2014)

Schedule 5   Corporate status of bodies

Part 2   Transitional provisions for bodies ceasing to be bodies corporate

Division 1   Introduction

55   Definitions

In this Part:

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.

commencement day means the day on which this Schedule commences.

decorporatised body means:

(a) the Australian Communications and Media Authority; or

(b) the Australian Fisheries Management Authority; or

(c) the Great Barrier Reef Marine Park Authority; or

(d) the NEPC Service Corporation; or

(e) the Telecommunications Universal Service Management Agency.

instrument includes:

(a) a contract, deed, undertaking, arrangement or agreement; and

(b) a notice, authority, order or instruction; and

(c) regulations; and

(d) an instrument made under an Act or regulations;

but does not include an Act.

land means any legal or equitable estate or interest in real property, whether actual, contingent or prospective.

liability means any liability, duty or obligation, whether actual, contingent or prospective.

responsible Minister has the meaning given by subitem 58(3).