4Definitions

4 Definitions

In this Act:

accountable authority has the same meaning as in the Public Governance, Performance and Accountability Act 2013.

acquire includes acquire by way of issue.

Agency means the Future Fund Management Agency.

Appropriation Act means an Act appropriating money for expenditure out of the Consolidated Revenue Fund.

arrangement includes contract, agreement or deed. This definition does not apply to the expressions “securities lending arrangement” or “securities lending arrangements”.

asset has the same meaning as in the Future Fund Act 2006.

balance of the Disaster Ready Fund means the sum of:

(a) amounts standing to the credit of the Disaster Ready Fund Special Account; and
(b) the value of investments of the Disaster Ready Fund.

bank has the same meaning as in the Public Governance, Performance and Accountability Act 2013.

business entity means:

(a) a company; or
(b) a partnership; or
(c) a trust; or
(d) a body politic.

Commonwealth entity has the same meaning as in the Public Governance, Performance and Accountability Act 2013.

constitutional corporation means a corporation to which paragraph 51(xx) of the Constitution applies.

Covenant on Economic, Social and Cultural Rights means the International Covenant on Economic, Social and Cultural Rights done at New York on 16 December 1966.

Note: The Covenant is in Australian Treaty Series 1976 No. 5 ([1976] ATS 5) and could in 2019 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

derivative means a derivative (within the meaning of Chapter 7 of the Corporations Act 2001) that is a financial asset.

Disaster Ready Fund means the Disaster Ready Fund referred to in section 9.

Disaster Ready Fund investment function of the Future Fund Board means:

(a) a function or power conferred on the Future Fund Board by section 37, 38, 45, 47, 49 or 50; or
(b) a right or power conferred on the Future Fund Board in its capacity as the holder of an investment of the Disaster Ready Fund.