4Interpretation

4 Interpretation

(1)  In this Act, unless the contrary intention appears –

Board has the same meaning as in the Government Business Enterprises Act 1995 ;

business, in relation to a prescribed Government Business Enterprise or relevant prescribed Government Business Enterprise, includes –

(a) the business conducted by the prescribed Government Business Enterprise or relevant prescribed Government Business Enterprise; and

(b) the goodwill of that business; and

(c) the property of the prescribed Government Business Enterprise or relevant prescribed Government Business Enterprise; and

(d) the liabilities of the prescribed Government Business Enterprise or relevant prescribed Government Business Enterprise in relation to that business; and

(e) a part of the business of a prescribed Government Business Enterprise or relevant prescribed Government Business Enterprise –

but does not include a part of the business of a prescribed Government Business Enterprise or relevant prescribed Government Business Enterprise that the regulations exclude from the operation of this Act;

business sale date means the day on which the business of a prescribed Government Business Enterprise is sold under section 7(1) ;

company means a company formed under section 14 ;

existing document means –

(a) in relation to the sale under section 7(1) of the business of a prescribed Government Business Enterprise, a document that was in effect immediately before the business sale date; or

(b) in relation to the transfer under section 17 of the business of a relevant prescribed Government Business Enterprise to a company, a document that was in effect immediately before the transfer day; or