New South Wales Consolidated Acts

TOTALIZATOR AGENCY BOARD PRIVATISATION ACT 1997 - SECT 22

22 Status of TAB Limited

(1) TAB Limited and any TAB Limited subsidiary to which any part of TAB’s business undertaking is transferred under this Act are agencies through which the State of New South Wales carries out the activity of conducting on-course and off-course totalizator betting in New South Wales, and any other activity authorised to be conducted by a licence under the Totalizator Act 1997 , and for that purpose it is a public authority of the State.

(2) However, TAB Limited or any TAB Limited subsidiary:

(a) is not, and does not represent, the State of New South Wales except by express agreement with the Minister, and

(b) is not exempt from any rate, tax, duty or other impost imposed by or under any law of New South Wales merely because it is a company in which the State of New South Wales holds shares, and

(c) cannot render the State of New South Wales liable for any debts, liabilities or obligations of TAB Limited or any TAB Limited subsidiary, unless this Act or any other Act or law otherwise expressly provides.