List of glossary items

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  • Financial Property is one of the four collateral class categories. It includes personal property such as currency, document of title, shares and cheques.

  • The information entered by a secured party when making changes to an existing registration on the Personal Property Securities Register (PPSR).

  • The information entered by a secured party when making a registration on the Personal Property Securities Register (PPSR).

  • Property that the court determines was obtained with the proceeds of criminal activity and that has its ownership transferred to the Commonwealth under proceeds of crime legislation.

  • A court order under proceeds of crime legislation transferring property to the Commonwealth.

  • Defined by the Commonwealth Fraud Control Better Practice Guidance as 'dishonestly obtaining a benefit, or causing a loss, by deception or other means'.

  • An Act to give members of the public rights of access to official documents of the Australian Government and of its agencies.

  • An automatic deduction arranged without a person's consent (generally from their income or bank account) due to non-payment of a debt. A trustee in bankruptcy can garnishee income or monies held by third parties on behalf of a bankrupt, where the bankrupt has been assessed as liable to pay income contributions to his or her bankrupt estate and has failed to make payments.

  • An observable and measurable end result that can have one or more objectives. AFSA's corporate goals are designed to achieve government objectives. The goals shape business priorities, measures and strategies which in turn inform the planning, delivery, monitoring and improvement of processes for all of AFSA's work.

  • A legally binding promise whereby one party assumes responsibility for the debt, or performance obligations, of another party should that party default in some way, for example, where an entity guarantees payment of bank borrowings by a third party.