5Definitions

#### 5 Definitions In this Division, unless the contrary intention appears: > ACA means the Australian Communications Authority. > asset means: (a) any legal or equitable estate or interest in real or personal property, whether actual, contingent or prospective; and (b) any right, power, privilege or immunity, whether actual, contingent or prospective. > AUSTEL means the Australian Telecommunications Authority. > instrument includes a document. > liability means any liability, duty or obligation, whether actual, contingent or prospective. > merging time means the beginning of 1 July 1997. > SMA means the Spectrum Management Agency established under the Radiocommunications Act 1992, as in force immediately before the merging time.