Commonwealth Consolidated Acts Commonwealth Consolidated ActsIn this Act:
"acquire" includes acquire by way of issue.
"Agency" means the Future Fund Management Agency.
"Appropriation Act" means an Act appropriating money for expenditure out of the Consolidated Revenue Fund.
"asset" means:
(a) any kind of real or personal property; or
(b) any legal or equitable estate or interest in real or personal property; or
(c) any legal or equitable right.
"balance of the DisabilityCare Australia Fund" means the sum of:
(a) amounts standing to the credit of the DisabilityCare Australia Fund Special Account; and
(b) the value of investments of the DisabilityCare Australia Fund.
"bank" has the same meaning as in the Public Governance, Performance and Accountability Act 2013 .
"business entity" means:
(a) a company; or
(b) a partnership; or
(c) a trust; or
(d) a body politic.
"Chair" means the Chair of the Future Fund Board.
"debenture" has the same meaning as in the Corporations Act 2001 .
"derivative" means a derivative (within the meaning of Chapter 7 of the Corporations Act 2001 ) that is a financial asset.
"DisabilityCare Australia Fund" means the DisabilityCare Australia Fund established by section 10.
"DisabilityCare Australia Fund investment function" of the Future Fund Board means:
(a) a function or power conferred on the Future Fund Board by section 27, 28, 34, 36, 38 or 39; or
(b) a right or power conferred on the Future Fund Board in its capacity as the holder of an investment of the DisabilityCare Australia Fund.
"DisabilityCare Australia Fund Investment Mandate" has the meaning given by subsection 29(4).
"DisabilityCare Australia Fund Special Account" means the DisabilityCare Australia Fund Special Account established by section 11.
"Federation Reform Fund" means the Federation Reform Fund established by section 5 of the Federation Reform Fund Act 2008 .
"Finance Department" means the Department administered by the Finance Minister.
"Finance Minister" has the same meaning as in the Public Governance, Performance and Accountability Act 2013 .
"financial asset" has the same meaning as in the Future Fund Act 2006 .
"Future Fund Board" means the Future Fund Board of Guardians.
"Future Fund Special Account" means the Future Fund Special Account established by section 12 of the Future Fund Act 2006 .
"investment" means any mode of application of money or financial assets for the purpose of gaining a return (whether by way of income, capital gain or any other form of return).
"investment manager" means a person or body (other than the Agency) who undertakes to do any or all of the following:
(a) invest amounts on behalf of the Future Fund Board;
(b) manage the investment of funds on behalf of the Future Fund Board;
(c) acquire derivatives on behalf of the Future Fund Board;
(d) manage derivatives on behalf of the Future Fund Board;
(e) enter into securities lending arrangements on behalf of the Future Fund Board;
(f) realise financial assets on behalf of the Future Fund Board;
(g) perform custodial functions in relation to the financial assets of the Future Fund Board.
"investment of the DisabilityCare Australia Fund" means a financial asset that, under a provision of this Act, is taken to be an investment of the DisabilityCare Australia Fund.
"modifications" includes additions, omissions and substitutions.
"National Disability Insurance Department" means the Department administered by the National Disability Insurance Minister.
"National Disability Insurance Minister" means the Minister who administers the National Disability Insurance Scheme Act 2013 .
"person" includes a partnership.
Note: See also subsection 2C(1) of the Acts Interpretation Act 1901 .
"realise" includes redeem or dispose of.
"responsible Ministers" means:
(a) the Treasurer; and
(b) the Finance Minister.
"securities lending arrangement" means an agreement of the kind known as a securities lending arrangement.
"Treasury Department" means the Department administered by the Treasurer.
"value" , of an investment of the DisabilityCare Australia Fund, means the market value of the investment. For this purpose, disregard anything that would prevent or restrict conversion of a financial asset to money.