Interpretation
1 Interpretation
In this Schedule—
ASIC means the Australian Securities and Investments Commission.
assets means any legal or equitable estate or interest (whether present or future, whether vested or contingent and whether personal or assignable) in real or personal property of any description (including money), and includes securities, choses in action and documents.
Corporations Act means the Corporations Act 2001 of the Commonwealth.
Corporations legislation means the Corporations legislation to which Part 1.1A of the Corporations Act applies.
FTC means the FSS Trustee Corporation that was originally established by this Act.
FTC Board means the board of FTC as constituted under this Act at the relevant time.
instrument means an instrument (other than this Act or an instrument made under this Act) or any other document that creates, modifies or extinguishes rights or liabilities (or would do so if lodged, filed or registered in accordance with any law), and includes any judgment, order, process or other instrument issued by a court or tribunal.
Note.
The Interpretation Act 1987 provides that a reference in an Act to document means any record of information, and includes—
anything on which there is writing, or
anything on which there are marks, figures, symbols or perforations having a meaning for persons qualified to interpret them, or
anything from which sounds, images or writings can be reproduced with or without the aid of anything else, or
a map, plan, drawing or photograph.
liabilities means any liabilities, debts or obligations (whether present or future, whether vested or contingent and whether personal or assignable).
registered FTC means FTC on or after the registration day.
registration day means the day specified by the Minister in a registration order as the day on which FTC is to be taken to be registered as a proprietary company limited by shares for the purposes of section 5H of the Corporations Act.
registration order means an order made by the Minister under clause 4 specifying a registration day.
rights means any rights, powers, privileges or immunities (whether present or future, whether vested or contingent and whether personal or assignable).
transition period means the period commencing at the beginning of the registration day and ending at the end of the day that is the third anniversary of the registration day.
Words and expressions used in this Schedule have the same meanings as in section 9 of the Corporations Act, except in so far as they are defined differently in this Act or the context or subject-matter otherwise indicates or requires.
If this Schedule provides for an event or other thing to occur on a particular day, that event or thing is taken to occur at the beginning of that day.
This Schedule is intended to have extraterritorial application in so far as the legislative powers of the Parliament of the State permit.
This Act’s bill:Explanatory memorandumSecond reading speech
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