Western Australian Consolidated Acts Western Australian Consolidated Acts In this
Division —
asset means any property of any kind, whether
tangible or intangible, real or personal and, without limiting that meaning,
includes —
(a) a
chose in action; or
(b)
goodwill; or
(c) a
right, interest or claim of any kind,
whether arising from, accruing under, created or
evidenced by or the subject of, a document or otherwise and whether liquidated
or unliquidated, actual, contingent or prospective;
assignee means —
(a) in
relation to an asset or liability specified in a transfer order under
section 57(1)(a) or (b), the person specified in the order as the
person to whom the asset or liability is to be assigned; or
(b) in
relation to a liability assigned by operation of section 58(b), TrustCo;
or
(c) in
relation to proceedings specified in a transfer order under
section 57(1)(c), the person specified in the order as the person who is
to be substituted for the Board as a party to the proceedings; or
(d) in
relation to an agreement or document specified in a transfer order under
section 57(1)(d), the person specified in the order as the person a
reference to whom is to be treated as being substituted for a reference in the
agreement or document to the Board;
liability means any liability, duty or obligation
whether liquidated or unliquidated, actual, contingent or prospective, and
whether owed alone or jointly or jointly and severally with any other person;
right means any right, power, privilege or
immunity whether actual, contingent or prospective but does not include any
privilege or immunity enjoyed as an agent of the State except to the extent
that it relates to anything done or omitted to be done before the transfer
time;
transfer order means an order made under
section 57;
transferring member means a person who becomes a
member of GESB Superannuation by operation of section 59(1)(a).
[Section 55 inserted by No. 25 of 2007
s. 16.]
[Heading inserted by No. 25 of 2007
s. 16.]