Public Transport Authority Act 2003

In this Division, unless the contrary intention appears —

asset means property of any kind belonging, immediately before the commencement time, to the Rail Corridor Minister, whether tangible, intangible, real, or personal and, without limiting that meaning, includes —

whether arising from, accruing under, created or evidenced by or the subject of, an instrument or otherwise and whether liquidated or unliquidated, actual, contingent or prospective;

commencement time means the time when this Division comes into operation;

liability means any liability, duty or obligation that, immediately before the commencement time, the Rail Corridor Minister had —

Rail Corridor Minister means the former body corporate named “the Rail Corridor Minister” established by the Rail Freight System Act 2000 section 32(1);

right means any right, power, privilege or immunity that, immediately before the commencement time, the Rail Corridor Minister had whether actual, contingent or prospective.