Tasmanian Numbered Acts

TOTE TASMANIA (SALE) ACT 2009 (NO. 8 OF 2009) - SECT 3

3. Interpretation

In this Act, unless the contrary intention appears –

"asset" includes any real and personal property, operation, right and licence;

"business" , in relation to TOTE Tasmania or a TOTE subsidiary, has the meaning given by section 4;

"contract" includes an agreement and an arrangement;

"legal proceeding" includes arbitration and mediation;

"liability" means an actual, contingent or prospective liability, duty or obligation;

"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) shares in a TOTE subsidiary; and

(d) any other rights;

"right" means a right, power, privilege or immunity, whether present or future and whether vested or contingent;

"sale day" means –

(a) in relation to the sale of shares in TOTE Tasmania or in a TOTE subsidiary under section 5(1)(a) or (c), the day on which those shares are acquired by the purchaser; or

(b) in relation to the sale of the business of TOTE Tasmania or of a TOTE subsidiary under section 5(1)(b) or (d), the day on which the business vests in the purchaser;

"statutory rule" means a statutory rule within the meaning of the Rules Publication Act 1953 ;

"TOTE subsidiary" means a subsidiary, within the meaning of the Corporations Act, of TOTE Tasmania;

"TOTE Tasmania" means the company formed under section 6 of the TOTE Tasmania Act 2000 .