Victorian Consolidated Legislation

Supreme Court Act 1986 - SECT 53

Definitions

53. Definitions



(1) In this Division-

annuities includes salaries and pensions;

dividends includes all payments that are made by the name of dividend bonus or
otherwise out of the revenue of trading or other public companies and are
divisible between all or any of the members of those companies, whether the
payments are usually made or declared at a fixed time or otherwise but does
not include payments in the nature of a return or reimbursement of capital;

rents includes rent service, rent charge and rent seck and all periodical
payments or renderings in place of or in the nature of rent.

(2) For the purposes of this Division the divisible revenue referred to in the
definition of dividends is to be taken to have accrued by equal daily
increment during and within the period for or in respect of which the payment
of the revenue is declared or expressed to be made.

(3) Nothing in this Division renders apportionable any annual sums made
payable in any policies of assurance.

(4) This Division does not extend to any case in which it is expressly
stipulated that no apportionment is to take place.