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Wool Services Privatisation Act 2000
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#### 7 Definitions
In this Part, unless the contrary intention appears:
> 1936 Tax Act means the Income Tax Assessment Act 1936.
> 1997 Tax Act means the Income Tax Assessment Act 1997.
> ASIC means the Australian Securities and Investments Commission.
> 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.
> certified demerger matter means any of the following matters that is certified under section 36:
(a) the transfer by HoldCo, to a shareholder in HoldCo, of any of HoldCo’s shares in a subsidiary;
(b) the issue of shares by a subsidiary of HoldCo to a shareholder in HoldCo;
(c) the cancellation of shares in HoldCo (whether by buy‑back, capital reduction or any other means).
> commencing time means the beginning of the day on which this Act receives the Royal Assent.
> conversion time means the time when Schedule 1 commences.
> Corporations Law company means a body registered as a company under the Corporations Law.
> HoldCo means:
(a) in relation to a time before the conversion time—the Organisation; or
(b) in relation to a time after the conversion time—Australian Wool Services Limited (or that company with another name).
> Note: Under Division 4, the Organisation is converted into a Corporations Law company, with the name “Australian Wool Services Limited”.
> instrument means:
(a) an Act or any instrument under an Act; or
(b) any other document.
> liability means any liability, duty or obligation, whether actual, contingent or prospective.
> Organisation means the Australian Wool Research and Promotion Organisation.
> restructuring body means HoldCo or a subsidiary.
> restructuring period means the period starting at the commencing time and ending 2 years after the conversion time.
> subsidiary means a wholly‑owned subsidiary (within the meaning of the Corporations Law) of HoldCo.