50Interpretation

50 Interpretation

In this Part, unless the contrary intention appears:

assets means property of every kind, and, without limiting the generality of the foregoing, includes:

(a) choses in action; and
(b) rights, interests and claims of every kind in or to property, whether arising under or by virtue of an instrument or otherwise, and whether liquidated or unliquidated, certain or contingent, accrued or accruing.

commencement means the commencement of this Act.

liabilities means liabilities of every kind, and, without limiting the generality of the foregoing, includes obligations of every kind, whether arising under or by virtue of an instrument or otherwise, and whether liquidated or unliquidated, certain or contingent, accrued or accruing.

new Institute means the Australian Institute of Aboriginal and Torres Strait Islander Studies.

old Institute means the Australian Institute of Aboriginal Studies.

old Institute instrument means an instrument:

(a) to which the old Institute was a party;
(b) that was given to or in favour of the old Institute;
(c) in which a reference is made to the old Institute; or
(d) under which money is, or may become, payable, or any other property is to be, or may become liable to be, transferred, to or by the old Institute;

being an instrument subsisting immediately before the commencement.