3Interpretation

3 Interpretation

In this Act –

appropriate company, in relation to a former board, means –

(a) the company that is formed to replace that former board; or

(b) a subsidiary of a company, being a subsidiary that is formed to replace that former board;

asset includes any business or property;

Board means the Board of Directors as constituted under section 11 or 12 ;

commencement day means the day proclaimed under section 2 ;

company means a company formed under section 5 ;

Crown land means land as defined in the Crown Lands Act 1976 ;

designated airport means an airport declared to be a designated airport under section 4 ;

director means –

(a) an initial director; and

(b) a subsequent director;

former Act means the Marine Act 1976 ;

former board means a marine board under the former Act;

incorporation day means the day on which a company is incorporated;

initial director means a director referred to in section 11 ;

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