Tasmanian Ports Corporation Act 2005

In this Act, unless the contrary intention appears –

annual general meeting means the annual general meeting of the Corporation held in accordance with its constitution;

asset includes any, and any part of any, property, business, operation and right;

Board means the Board of Directors of the Corporation;

constitution means the constitution of the Corporation;

Corporation means the Tasmanian Ports Corporation Pty. Ltd. (ACN 114 161 938) registered under the Corporations Act;

Crown asset or liability means an asset or liability that is transferred to the Crown by a notice made under section 25;

director means a director of the Corporation;

document includes an instrument and part of a document;

legal or other proceeding includes arbitration proceedings and mediation proceedings;

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

member, in respect of the Corporation, means a member referred to in section 8;

port company means any of the following companies formed under the Port Companies Act 1997 and registered under the Corporations Act:Hobart Ports Corporation Pty. Ltd. (ACN 078 720 180);Port of Launceston Pty. Ltd. (ACN 078 720 108);Port of Devonport Corporation Pty. Ltd. (ACN 078 720 224);Burnie Port Corporation Pty. Ltd. (ACN 078 720 279);

principal objectives means the objectives of the Corporation specified in section 6;

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 held by a port company; and any other rights;

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

subsidiary has the same meaning as in the Corporations Act;

subsidiary board, in relation to a subsidiary, means the board of directors for the subsidiary;

transfer day means the day determined by the Minister under section 5 to be the transfer day;

transferred asset or liability means an asset that vests in, or a liability that becomes a liability of, the Corporation by the operation of section 20;

Treasurer’s Instructions means instructions issued under section 114 of the Government Business Enterprises Act 1995 in accordance with section 29 of this Act;

wholly-owned subsidiary, in relation to the Corporation, means a subsidiary of the Corporation that falls within the definition of wholly-owned subsidiary, within the meaning of the Corporations Act, in respect of the Corporation.