3Interpretation

3 Interpretation

In this Act –

Board means the board of directors of the Company referred to in section 9 ;

Company means the company referred to in section 4 ;

liability includes any liability, duty and obligation, whether actual, contingent or prospective;

member of the Company means a member referred to in section 7 ;

principal objective means the objective of the Company specified in section 5 ;

property means –

(a) any legal or equitable estate or interest, whether present or future and whether vested or contingent, in real or personal property; and

(b) money, documents and securities; and

(c) any other rights;

[Section 3 Amended by No. 18 of 2025, s. 35, Applied:01 Jan 2026] right includes any right, power, privilege and immunity, whether actual, contingent or prospective;

[Section 3 Amended by No. 18 of 2025, s. 35, Applied:01 Jan 2026] subsidiary board, in relation to a subsidiary, means the board of directors for the subsidiary;

[Section 3 Amended by No. 18 of 2025, s. 35, Applied:01 Jan 2026] Treasurer’s Instructions means instructions issued under section 114 of the Government Business Enterprises Act 1995 in accordance with section 19B of this Act;