Definitions
51 Definitions
In this Part—
assets means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description (including money), and includes securities, choses in action and documents.
liabilities means any liabilities, debts or obligations (whether present or future and whether vested or contingent).
rights means any rights, powers, privileges or immunities (whether present or future and whether vested or contingent).
transfer order means an order made by the Minister under clause 52.
transferee means the person to whom any staff, assets, rights or liabilities are transferred by a transfer order.
transferor means the person from whom any staff, assets, rights or liabilities are transferred by a transfer order.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.