Delivering Victorian Infrastructure (Port of Melbourne Lease Transaction) Act 2016
4Meaning of *port assets*
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4 Meaning of *port assets*
(1) Port assets are the following—
(a) the assets, rights and liabilities of the Port Corporation;
(b) associated assets.
(2) Port assets include assets, rights and liabilities vested in a public sector entity that were port assets before their transfer to a public sector entity for the purposes of an authorised transaction.
(3) However, assets, rights and liabilities cease to be port assets when they are transferred (other than under a lease or licence) to a private sector entity for the purposes of an authorised transaction.