Interpretation
3 Interpretation
In this Act—
asset has the same meaning as in the Commonwealth Act;
Commonwealth Act means the Albury-Wodonga Development Act 1973 of the Commonwealth;
Commonwealth Minister means the Minister for the time being administering the Commonwealth Act;
contract has the same meaning as in section 20C of the Commonwealth Act;
Corporation means the Albury-Wodonga (Victoria) Corporation established under section 7 of the Albury-Wodonga Agreement Act 1973;
Development Corporation means the Albury-Wodonga Development Corporation established by the Commonwealth Act;
development covenant means a covenant entered into under section 15A(2) of the Albury-Wodonga Agreement Act 1973;
instrument has the same meaning as in section 20C of the Commonwealth Act;
liability has the same meaning as in the Commonwealth Act;
transfer day, in relation to an asset, right or obligation under a contract, or liability, of the Corporation, means—
the day on which the Corporation is dissolved; or
the day on which the consent of the Commonwealth Minister under section 20D(3), 20E(3) or 20F(3) of the Commonwealth Act is expressed to take effect in relation to the transfer to the Development Corporation of the asset, right or obligation, or liability—
whichever is the earlier.
In this Act, a reference to an asset of the Corporation includes a reference to any property held by the Corporation on behalf of the Crown in right of the State of Victoria.
This Act’s bill:Second reading speech
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