7Definitions

#### 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.