Glossary

List of glossary items

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  • Where a person is serving or trying to serve two or more interests that aren't compatible. For instance, if a solicitor acted for both parties in a matter.

  • A form completed by a trustee (or two trustees, if they wish to act jointly and severally) confirming that he/she/they is willing and able to act as the trustee(s) of an administration. The form is filed with the Official Receiver.

  • A measure of changes in the price level of consumer goods and services purchased by households.

  • Personal property held by an individual, other than personal property held in the course or furtherance, to any degree, of carrying on an enterprise to which an Australian Business Number (ABN) has been allocated.

  • An asset that might arise if a certain event occurs (e.g. a current legal action being taken by a company might result in an asset if the company wins the case).

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