In this Division, unless the contrary intention appears:
"ACA" means the Australian Communications Authority.
"ACCC" means the Australian Competition and Consumer 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.
"AUSTEL" means the Australian Telecommunications Authority.
"instrument" includes a document.
"liability" means any liability, duty or obligation, whether actual, contingent or prospective.
"merging time" means the beginning of 1 July 1997.