Definitions
54 Definitions
In this Division:
asset means property of any kind, whether tangible or intangible, real or personal, including any right, interest or claim of any kind, whether liquidated or unliquidated, actual, contingent or prospective.
liability means any liability, duty or obligation, whether liquidated or unliquidated, actual, contingent or prospective, and whether owed alone or jointly with another person or jointly and severally with another person.
old board means the Superannuation Investment Board under section 11 as in force before the restructure time and includes the persons who were members of that board.
restructure time means the commencement of Part 2,
Division 4 of the Superannuation Legislation Amendment Act 2010.
right means any right, power, privilege or immunity, whether actual, contingent or prospective.
transferred asset or liability means an asset transferred by operation of section 56(a) or liability transferred by operation of section 56(b).
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