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CFM Sale Act 1996

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
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

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.