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TRANSPORT INTEGRATION ACT 2010 - SECT 224 Definitions—Division 2

TRANSPORT INTEGRATION ACT 2010 - SECT 224

Definitions—Division 2

    (1)     In this Division—

"allocation statement" means an allocation statement given under section 225(3) and approved by the Minister under section 225(5) and includes a statement that has been amended under section 225(7) and (8);

"former Port of Melbourne Corporation instrument" means an instrument (including a legislative instrument other than this Act) or an oral agreement subsisting immediately before the relevant date

        (a)     to which the Port of Melbourne Corporation was a party; or

        (b)     that was given to, or in favour of, the Port of Melbourne Corporation; or

        (c)     that refers to the Port of Melbourne Corporation; or

        (d)     under which—

              (i)     money is, or may become, payable to the Port of Melbourne Corporation; or

              (ii)     other property is to be, or may become liable to be, transferred to or by the Port of Melbourne Corporation;

"former Port of Melbourne Corporation property" means property, rights or liabilities of the Port of Melbourne Corporation that, under this Division, have vested in, or become liabilities of, the Victorian Regional Channels Authority;

instrument includes a document and an oral agreement;

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

"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;

"relevant date", in relation to an allocation statement or property, rights or liabilities allocated under such a statement, means the date fixed by the Minister under subsection (2) for the purposes of that statement;

"rights "means all rights, powers, privileges and immunities, whether actual, contingent or prospective.

    (2)     The Minister, by notice published in the Government Gazette, may fix the relevant date for the purposes of an allocation statement.

S. 225 inserted by No. 38/2011 s. 21.