New South Wales Consolidated Acts

TOTALIZATOR AGENCY BOARD PRIVATISATION ACT 1997 - 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 TAB or of a TAB subsidiary means all the assets, rights and liabilities of TAB or the subsidiary.
"conversion" means the conversion of TAB into a public company on the commencement of section 12.
"excluded undertaking" means any assets, rights or liabilities of TAB or a TAB subsidiary that the Minister has directed to be excluded under Part 7.
"exercise" a function includes perform a duty.
"function" includes a power, authority or duty.
"instrument" means an instrument (other than this Act) that 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 or process of a court.
"liabilities" means any liabilities, debts and obligations (whether present or future and whether vested or contingent).
"Minister" see section 5.
"Ministerial Holding Corporation" means the Ministerial Holding Corporation constituted by section 37B of the State Owned Corporations Act 1989 .
"rights" means all rights, powers, privileges and immunities (whether present or future and whether vested or contingent).
"share" means a share in the share capital of a body corporate.
"State of New South Wales" includes the Crown in right of New South Wales and the Government of New South Wales.
"TAB" means the body corporate called the Totalizator Agency Board and constituted under the Totalizator (Off-course) Betting Act 1964 (its name being changed after the conversion to TAB Limited).
"TAB Limited" means the company known as TAB Limited established by this Act.
"TAB Limited subsidiary" means a subsidiary of TAB Limited within the meaning of the Corporations Law .
"TAB subsidiary" means a subsidiary of TAB or TAB Limited, within the meaning of the Corporations Law .

(2) A reference in this Act to the business undertaking of TAB or of a TAB 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.

(3) Notes in the text of this Act do not form part of this Act.