Commonwealth Consolidated Acts Commonwealth Consolidated ActsIn this Part, unless the contrary intention appears:
"repeal day" means:
(a) the day notified by the Minister in the Gazette for the purposes of this Part; or
(b) 31 December 1996;
whichever occurs first.
"residual assets" means:
(a) any legal or equitable estates or interests in real or personal property, including contingent or prospective ones; and
(b) any rights, privileges and immunities including contingent or prospective ones;
of the Authority immediately before the repeal day.
"residual instruments" means instruments that are in force immediately before the repeal day:
(a) to which the Authority is a party; or
(b) that were given to, by or in favour of the Authority; or
(c) in which a reference is made to the Authority; or
(d) under which any money is or may become payable, or any other property is to be, or may become liable to be, transferred, conveyed or assigned, to or by the Authority.
"residual liability" means liabilities and duties of the Authority, including contingent and prospective ones, immediately before the repeal day.