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HORTICULTURE MARKETING AND RESEARCH AND DEVELOPMENT SERVICES (TRANSFER OF INDUSTRY ASSETS AND LIABILITIES) REGULATION 2014 (SLI NO 140 OF 2014) - REG 5

Definitions

Note:          A number of expressions used in this instrument are defined in the Act, including the following:

(a)    industry assets and liabilities;

(b)    industry services body;

(c)    statutory record.

                   In this instrument:

"Act" means the Horticulture Marketing and Research and Development Services Act 2000 .

"assets official" means the person or authority who, under a law of the Commonwealth, a State or a Territory, or under a trust instrument or otherwise, has responsibility for keeping a register in relation to assets of the kind concerned.

"exempt matter" means:

                     (a)  the vesting of an industry asset or liability under this instrument; or

                     (b)  the operation of this instrument in any other respect.

"Horticulture Australia Limited" (ABN 19 095 566 108) means the body that was the industry services body and the industry export control body under the Act immediately before the transfer day.

"next industry services body" means the body that the Minister has declared, or proposes to declare, under section 9 of the Act, to be the next industry services body after Horticulture Australia Limited ceases to be the industry services body under the Act.

Note:          See paragraph 11(1)(a) of the Act.

"transfer day" means the day specified in a declaration made by the Minister under subsection 11(1) of the Act as the day on which the industry assets and liabilities in relation to Horticulture Australia Limited are to be transferred, under this instrument, to a person or body specified in the declaration.

   



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