New South Wales Consolidated Acts

TOTALIZATOR AGENCY BOARD PRIVATISATION ACT 1997 - SECT 50

50 Application and interpretation

(1) This Part applies to the following orders under this Act:

(a) an order under Part 6 transferring a part of the business undertaking of TAB to a TAB subsidiary,

(b) an order under Part 6 transferring a part of the business undertaking of a TAB subsidiary to another TAB subsidiary or to TAB,

(c) an order under Part 7 excluding a part of the business undertaking of TAB or a TAB subsidiary and transferring it to the Ministerial Holding Corporation or other person on behalf of the State,

(d) an order under Part 7 transferring any part of the excluded undertaking to a person acquiring it from the Ministerial Holding Corporation or other person on behalf of the State.

(2) In this Part, the body or person from whom a part of a business undertaking is so transferred is called the "transferor" and the body or person to whom it is being so transferred is called the "transferee".