290Definitions

290 Definitions (1) In this Part— ***allocation statement***—see section 301; ***instrument*** includes a document and an oral agreement; ***liabilities*** means all liabilities, duties and obligations, whether actual, contingent or prospective; ***property*** 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; ***rights*** means all rights, powers, privileges and immunities, whether actual, contingent or prospective; ***transfer date*** means the date fixed by the VMIA Minister under subsection (2); ***transferred officer or employee*** means a person who, by operation of Division 4, is to be regarded as having been engaged by the Authority from the commencement date; ***VMIA‑issued domestic building insurance policy*** means a contract of insurance entered into by the VMIA before the transfer date for the purposes of an order under section 135 relating to domestic building work; ***VMIA Minister*** means the Minister administering the **Victorian Managed Insurance Authority Act 1996**. (2) The VMIA Minister, by order published in the Government Gazette, may fix a date that is not later than 1 July 2026 as the transfer date for the purposes of this Part. S. 291 inserted by No. 17/2025 s. 10.