Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996
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3 Definitions
In this Act, unless the contrary intention appears:
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 and, subject to paragraph 6(c), includes any rights, powers, privileges and immunities (whether actual, contingent or prospective, whether statutory or otherwise and wherever arising).
authorised person means:
(a) the Minister; or
(b) a person who is authorised by the Minister, by writing, to act under the provision in which the expression is used.
Company means the company incorporated, or to be incorporated, by or on behalf of the Commonwealth under the Corporations Act 2001 by the name Housing Loans Insurance Corporation Limited.
contract of insurance means a contract of insurance under the Housing Loans Insurance Act and includes such a contract that is of a kind known as a cover note.
Corporation means the Housing Loans Insurance Corporation established by the Housing Loans Insurance Act.
CSB Act means the Crimes (Superannuation Benefits) Act 1989.
DPP Act means the Director of Public Prosecutions Act 1983.
exempt matter means:
(a) the operation of section 7; or
(b) giving effect to section 7.
Housing Loans Insurance Act means the Housing Loans Insurance Act 1965.
instrument includes a document and an oral agreement.
Insurance Account means the account required by subsection 10(3).
liabilities means all liabilities, duties and obligations (whether actual, contingent or prospective, and wherever arising).
Long Service Leave Act means the Long Service Leave (Commonwealth Employees) Act 1976 as in force immediately before the transfer day.
management agreement means:
(a) the agreement referred to in subsection 10(1); or
(b) if that agreement is varied by another agreement—that agreement as so varied.
management period means the period in which the Company is, under the management agreement or under any variation of that agreement, to manage the pre‑transfer contracts on behalf of the Commonwealth.