Victorian Consolidated Legislation

Grain Handling and Storage Act 1995 - SECT 3

Definitions

3. Definitions

In this Act-

Commission means the Essential Services Commission established under the
Essential Services Commission Act 2001;

Competition Principles Agreement means the Competition Principles Agreement
made on 11 April 1995 between the Commonwealth and all of the States and
Territories of the Commonwealth and if that agreement is varied, that
agreement as varied and in force for the time being;

completion date has the same meaning as in the State Agreement;

direction means the direction for transfer of assets given by the Treasurer to
GEB on 19 May 1995 under section 9 of the State Owned Enterprises Act 1992;

GEB means the Grain Elevators Board constituted under the Grain Elevators Act
1958;

GEB instrument means an instrument (including a legislative instrument other
than this Act) subsisting immediately before the completion date-

   (a)  to which GEB was a party; or

   (b)  that was given to or in favour of GEB; or

   (c)  that refers to GEB; or

   (d)  under which-

   (i)  money is, or may become, payable to or by GEB; or

   (ii) other property is to be, or may become liable to be, transferred to or
        by GEB; general access determination means a determination of the
        Commission under section 19;

grain means grains, oil seeds and pulses of all kinds, qualities and varieties
including wheat, barley, oats, sorghum, maize and rice;

instrument includes a document and an oral agreement;

liabilities means all liabilities, duties and obligations, whether actual,
contingent or prospective;

* * * * *

prescribed prices means the charges under section 15(1)(c);



prescribed services means the services declared to be prescribed services
under section 15(1)(b);

property 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; provider, in relation to a prescribed service, means the owner or
operator of the significant infrastructure facility that is used, or is to be
used, to provide the prescribed service;

purchaser means Vicgrain Operations Limited A.C.N. 069 291 532;

regulated industry means the industry declared under section 15(1)(a);

rights means all rights, powers, privileges and immunities, whether actual,
contingent or prospective; significant infrastructure facility means a
facility within the meaning of section 16(1);



State Agreement means the agreement a copy of which is set out in Schedule 1
and, if that agreement is varied, that agreement as varied and in force for
the time being;

subsidiary means GEBCO Pty Ltd A.C.N. 068 777 524;

transferred property means property, rights and liabilities that, under the
State Agreement and Part 4 have vested in, or become liabilities of, the
Purchaser.