116Definitions

116 Definitions

former GASCOR property means the Longford assets and Longford liabilities that, under section 119, have vested in, or become liabilities of, the transferee;

GASCOR means GASCOR Pty Ltd ACN 085 262 773;

S. 116(1)
GASCOR contractual rights amended by No. 18/2005 s. 18(Sch. 1 item 47).

GASCOR contractual rights means the rights of GASCOR arising out of or under—

(a) any contract of insurance entered into by GASCOR on or before 10 December 1999 that includes public liability or professional indemnity insurance; or

(b) any chose in action, indemnity, remedy, right of compensation or other right in respect of Longford liabilities under any contract; or

(c) any contract under which GASCOR has retained a law practice or an Australian legal practitioner (within the meaning of the Legal Profession Act 2004) to provide legal services in connection with the Longford proceedings;

GASCOR instrument means an instrument (including a legislative instrument other than this Part) subsisting immediately before the relevant date in relation to GASCOR—

(a) to which GASCOR was a party; or

(b) that was given to or in favour of GASCOR; or

(c) that refers to GASCOR; or

(i) money is, or may become payable to or by GASCOR; or

(ii) other property is to be, or may become liable to be, transferred to or by GASCOR;

Longford assets means—

(a) GASCOR contractual rights; and

(b) other Longford rights; and

(c) all documents and records in the possession, custody or control of GASCOR relating to the Longford proceedings;

Longford liabilities means any liabilities of GASCOR arising out of or in connection with—

(a) the Longford proceedings; or

(b) the fire and explosions that occurred at the gas processing plant at Longford on 25 September 1998;

Longford proceedings means—

(a) proceeding No. 5538 of 2001 and proceeding No. 5975 of 2001 in the Supreme Court (the initial proceedings); and

(b) the claims by Esso Australia Pty Ltd (ACN 000 018 566) and Esso Australia Resources Pty Ltd (ACN 091 829 819) for contribution or indemnity from GASCOR in the Third Party Notice Statement of Claim dated 7 June 2001 in proceeding No. 5538 of 2001 (); and