Tasmanian Consolidated Acts

PORT COMPANIES ACT 1997 - SECT 3

In this Act –

"appropriate company", in relation to a former board, means –

(a) the company that is formed to replace that former board; or

(b) a subsidiary of a company, being a subsidiary that is formed to replace that former board;

"asset" includes any business or property;

"Board" means the Board of Directors as constituted under section 11 or 12;

"commencement day" means the day proclaimed under section 2;

"company" means a company formed under section 5;

"Crown land" means land as defined in the Crown Lands Act 1976;

"designated airport" means an airport declared to be a designated airport under section 4;

"director" means –

(a) an initial director; and

(b) a subsequent director;

"former Act" means the Marine Act 1976;

"former board" means a marine board under the former Act;

"incorporation day" means the day on which a company is incorporated;

"initial director" means a director referred to in section 11;

"liability" includes any liability, duty and obligation, whether actual, contingent or prospective;

"member of a company" means a member referred to in section 9;

"port" includes a designated airport;

"principal objectives" means the objectives of a company specified in section 7;

"property" means –

(a) any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property; and

(b) money, documents and securities; and

(c) any other rights;

"right" includes any right, power, privilege and immunity, whether actual, contingent or prospective;

"subsequent director" means a person appointed as a director under section 12;

"subsidiary" has the same meaning as in the Corporations Act;

"transfer day" means the day on which a transfer under Division 3 of Part 2 takes effect.