Goods, defined in Section 2(7), are moveable property excluding money and securities. Essential characteristics: (1) Moveable—capable of being moved; (2) Property—owned by someone; (3) Tangible or ascertainable; (4) Excludes money (medium of exchange) and securities (financial instruments). Types: Existing goods (owned/possessed by seller at sale), Future goods (goods to be manufactured/acquired), Contingent goods (dependent on uncertain events). Goods must be identified/identifiable at sale for property transfer. Ascertainable goods: Sold by description (specific quantity, quality); identification by weighing, measuring, or sampling occurs at delivery. Case law: Re Arpad establishes identification requirements. Excluded items: Money (except numismatic), securities, real property, things in action. Growing crops and animals form part of land until separated. For accountants, understanding goods classification affects inventory accounting, GST applicability (goods vs. services), and revenue recognition timing. Exam tip: Identify whether items constitute goods; apply identification requirements; distinguish existing/future/contingent goods in scenarios.