3Interpretation

3 Interpretation

In this Act, unless the contrary intention appears:

Agreement means:

(a) the agreement made on 30 July 1991 between the Commonwealth and the States of New South Wales, Victoria, Queensland and Western Australia, a copy of which is set out in the Schedule; or
(b) if that agreement is or has been amended or affected by another agreement—that agreement as so amended or affected.

assets means any legal or equitable interest (whether present or future and whether vested or contingent) in real or personal property of any description (including, for example, securities, other things in action, and documents).

Commonwealth rail freight agreement means an agreement where the Company is required or authorised by or under the Agreement to be substituted for the Commonwealth, or any authority of the Commonwealth, as a party to the agreement.

Commonwealth rail freight assets means assets of the Commonwealth, of the Australian National Railways Commission, or of any other authority of the Commonwealth, that are required or authorised to be transferred to, or acquired by, the Company by or under the Agreement.

Company means National Rail Corporation Limited (Australian Company Number 052 134 362).

eligible party, in relation to a Commonwealth rail freight agreement, means any of the following for which the Company is required or authorised by or under the Agreement to be substituted as a party to the agreement:

(a) the Commonwealth;
(c) any authority of the Commonwealth.

liabilities means liabilities, debts and obligations (whether present or future and whether vested or contingent).

rights means rights, powers, privileges and immunities (whether present or future and whether vested or contingent).