New South Wales Consolidated Acts

GOVERNMENT INSURANCE OFFICE (PRIVATISATION) ACT 1991 - SECT 4

4 Definitions

(1) In this Act:
"assets" means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description (including money), and includes securities, choses in action and documents.
"business undertaking" of GIO or of a GIO subsidiary means all the assets, rights and liabilities of GIO or the subsidiary.
"conversion" means the conversion of GIO into a public company on the commencement of Part 3.
"excluded undertaking" means any assets, rights or liabilities of GIO or a GIO subsidiary which the Minister has directed to be excluded under Part 5.
"GIO" means the body corporate that, immediately before the conversion, exists because of section 3 of the GIO Act under the name of the Government Insurance Office of New South Wales (that name being changed on conversion to GIO Australia Holdings Limited).
"GIO Act" means the Government Insurance Act 1927 .
"GIO Board" means the Government Insurance Office of New South Wales Board established by section 3B of the GIO Act.
"GIO subsidiary" means a subsidiary of GIO within the meaning of the Corporations Law .
"instrument" means an instrument (other than this Act) which creates, modifies or extinguishes rights or liabilities (or would do so if lodged, filed or registered in accordance with any law), and includes any judgment, order and process of a court.
"liabilities" means all liabilities, debts and obligations (whether present or future and whether vested or contingent).
"rights" means all rights, powers, privileges and immunities (whether present or future and whether vested or contingent).
"Self Insurance Corporation" means the NSW Self Insurance Corporation constituted by the NSW Self Insurance Corporation Act 2004 .
"share" means a share in the share capital of a body corporate.
"the State of New South Wales" includes the Crown in right of New South Wales and the Government of New South Wales.

(2) In this Act:

(a) a reference to a function includes a reference to a power, authority and duty, and

(b) a reference to the exercise of a function includes, in the case of a duty, a reference to the performance of that duty.

(3) In this Act, a reference to the business undertaking of GIO or of a GIO subsidiary at any particular time does not include a reference to any part of that undertaking that has been excluded or transferred by this Act before that time.