CFM Sale Act 1996
Term(s) | Definition | Defined in Legislation | See Section(s) |
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asset | means: (a) any legal or equitable estate or interest in real or personal property, including a contingent or prospective one; and (b) any right, privilege or immunity, including a contingent or prospective one. |
CFM Sale Act 1996 | |
CFM | means the body corporate known before the day declared under section 25 as Commonwealth Funds Management Limited: (a) by whatever name called from time to time; and (b) in whatever form that body corporate takes from time to time. |
CFM Sale Act 1996 | |
CFM body | means CFM or a transferred body. |
CFM Sale Act 1996 | |
CFM subsidiary | means a body corporate that is a subsidiary of CFM. |
CFM Sale Act 1996 | |
combined service period | , in relation to an employee of a CFM body, means the total of: (a) the period that was, immediately before the body’s sale day, the employee’s period of service for the purposes of the Long Service Leave Act; and |
CFM Sale Act 1996 | |
contract | includes: (a) a deed; and (b) a deed poll. |
CFM Sale Act 1996 | |
instrument | includes a document. |
CFM Sale Act 1996 | |
law | means: (a) a law of the Commonwealth, a State or a Territory; or (b) regulations or any other instrument (other than an award, determination or industrial agreement) made under such a law. |
CFM Sale Act 1996 | |
liability | means a or duty, including a contingent or prospective one. |
CFM Sale Act 1996 | |
post‐sale long service leave rights | , in relation to an employee of a CFM body, means any long service leave rights that the employee acquires under an award, determination, industrial agreement or law (other than this Act) on or after the body’s sale day. |
CFM Sale Act 1996 | |
related | body means: (a) in relation to CFM—a body corporate that is related to CFM; or (b) in relation to a transferred body—a body corporate that is related to the transferred body. |
CFM Sale Act 1996 | |
sale day | means: (a) in relation to CFM—the day declared under section 25 to be the sale day for CFM; or (b) in relation to a transferred body—the day declared under section 26 to be the sale day for that body. |
CFM Sale Act 1996 | |
share | , in relation to a body corporate, means a in the body’s capital. |
CFM Sale Act 1996 | |
specified transferee | means: (a) in relation to an asset to which a declaration under subsection 65(1) relates—the Commonwealth, a CFM subsidiary or a transferred body, whichever is specified in the declaration as the body in which the asset vests; or |
CFM Sale Act 1996 | |
subsidiary | has the meaning given by subsection (2). |
CFM Sale Act 1996 | |
transfer time | , in relation to an employee, has the meaning given by section 9. |
CFM Sale Act 1996 | |
transferred body | means a body corporate that was a CFM subsidiary all of the shares in which were transferred by CFM to the Commonwealth in accordance with the Minister’s direction under section 7. |
CFM Sale Act 1996 | |
transferred employee | means a person whose employment is transferred in accordance with a declaration under section 9. |
CFM Sale Act 1996 | |
voting share | has the same meaning as in the Corporations Act 2001 . |
CFM Sale Act 1996 |