Tamar Valley Power Station Act 2008

For the purposes of this section and Schedule 1A – asset includes any, and any part of any, property, business, operation and right; government business means a Government Business Enterprise, a State-owned company or a subsidiary of either of them; liability means any liability, duty or obligation whether actual, contingent or prospective, liquidated or unliquidated; notice of transfer means a notice of transfer referred to in subsection (2); property means – any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property; and money, documents and securities; and shares in a subsidiary; and any other rights; right means any right, power, privilege or immunity whether actual, contingent or prospective;State-owned company means a company established under the Corporations Act, the members of which are Ministers of the Crown and the beneficial ownership of which rests with the Crown;State tax means any of the following if imposed by any Act or law of Tasmania:a fee, including an application fee and registration fee; a tax, including a duty; a charge; transferee means a government business to which any assets, rights or liabilities are transferred; transferor means a government business from which any assets, rights or liabilities are transferred.

The Treasurer may by notice of transfer, published in the Gazette, transfer any assets, rights or liabilities of a government business to another government business as specified in the notice.

A notice of transfer may be made on such terms and conditions as specified in the notice.

Schedule 1A applies to the transfer of assets, rights and liabilities under this section.