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S
| Sequestration |
| Removal
of property from its owner by judicial authority as a means
of enforcing a judgement or for administration in bankruptcy. |
| Servient
tenement |
| Land
subject to an easement. |
| Statutory
declaration |
| Written
statement which the declarant claims to be true and signs
before an authorised person. |
T
| Tenancy
in common |
| Concurrent
ownership where all owners have distinct but undivided shares
in the same property. There is no right of survivorship. |
| Testator |
| Maker
of a will. |
| Trust |
| Arrangement
for holding and managing property by one party for the benefit
of another party, or for specific purposes. The ownership
of the property is split into legal and equitable. The trustee
has legal title to the trust property that the trustee is
bound to safeguard or exploit for the benefit of the beneficiaries,
who have the equitable or beneficial ownership of the property. |
U
| Ultra
vires |
| Latin
- beyond the powers. An act which is beyond the powers or
authority of the person or organization which took it. |
| Undue
influence |
| Persuasion,
pressure or influence, short of actual force, that so overpowers
the dominated party's free will or judgement that he/she cannot
act voluntarily, but acts subject to the will or purposes
of the dominating party. |
| Unjust
enrichment |
| Retention
of a benefit without justification. |
V
| Vacant
possession |
| Right
to possession of land in respect of which there is no current
occupant, and thus no obstacle to immediate occupation. |
| Void |
| Not
legally binding; without legal effect. |
| Voidable |
| Capable
of being pronounced void by a party to the transaction in
question, or by the court. |
W
| Waiver |
| Intentional
renunciation of some legal right or immunity. |
| Will |
| A
written and signed statement, made by an individual, which
provides for the disposition of their property when they die. |
| Writ |
| Written
order issued in connection with a judicial proceeding. |
X
| Xenophobia |
| A
fear or hatred of persons of a different race, or different
ethnic or national origin. |
Y
| Year
of income |
| A
concept used in taxation, superannuation, and social security
legislation to denote the financial year during which income
is received. |
Z
| Zone
rebate |
| A
tax rebate available to residents of specified remote areas
of Australia. These areas consist of two zones: Zone A and Zone
B. Zone A represents areas where the factors of isolation, unhospitable
climate and the high cost of living are more pronounced. Zone
B comprises less severely affected areas. A special category
of zone rebate is available to residents of particularly isolated
areas (called the ‘special area’) within either Zone A or Zone
B: (CTH) Income Tax Assessment Act 1936 s 79A. |
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