3Definitions

3 Definitions

3 Definitions

(1) In this Regulation:

asset means property, or a right, of any kind, and includes:

(a) any legal or equitable estate or interest (whether present or future, vested or contingent or tangible or intangible) in real or personal property of any kind, and

(b) any chose in action, and

(c) any right, interest or claim of any kind, including rights, interests or claims in or in relation to property (whether arising under an instrument or otherwise, and whether liquidated or unliquidated, certain or contingent, accrued or accruing), and

(d) any asset within the meaning of Part IIIA of the Income Tax Assessment Act 1936 of the Commonwealth.

authorised person for the purposes of a provision of this Regulation means:

(a) the Treasurer, or

(b) the chief executive officer of St. George, or

(c) any of the following persons, if the Treasurer designates in writing that person as an authorised person for the purposes of the provision:

(i) a senior executive of St. George,

(ii) a member of the Chief Executive Service or the Senior Executive Service of the Public Service.

chief executive officer of St. George means the officer having the day to day management of the affairs of St. George and includes an officer acting from time to time in that capacity.

instrument includes a document and an oral agreement.

interest, in relation to land, includes:

(a) a legal or equitable estate or interest in the land, or

(b) a right, power or privilege over, or in relation to, the land.

liability includes a duty or obligation of any kind (whether arising under an instrument or otherwise, and whether actual, contingent or prospective).

Partnership Banking means St. George Partnership Banking Limited.

St. George means St. George Bank Limited.

succession day means the day on which this Regulation commences.

translated asset means an asset referred to in clause 6.

translated liability means a liability referred to in clause 6.