Property Law Act 2007

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Subpart 5—Assignment of things in action

48 Interpretation

In this subpart, unless the context otherwise requires,—

absolute, in relation to an assignment, means—


not conditional; or


not by way of charge only

assignment means an instrument effecting or relating to an assignment

debt includes an obligation to—


pay money:


deliver or transfer property:


do or not do any other thing

debt owing includes an obligation that is due to be performed

debtor means a person (including a trustee) who is under an obligation to pay a debt

payment of a debt includes the performance of an obligation that is not an obligation to pay money

thing in action


means a right to receive payment of a debt; and


includes part of a thing in action.