165Definitions

165 Definitions ***appointed day*** means the day on which section 20 of the **Port Services (Port of Melbourne Reform) Act 2003** comes into operation; ***former VCA property*** means property, rights or liabilities of VCA that, under this Part, have vested in or become property rights or liabilities of the new corporation; ***instrument*** includes a document and an oral agreement; ***liabilities*** means all liabilities, duties and obligations, whether actual, contingent or prospective; S. 165 def. of *new corporation* inserted by No. 85/2003 s. 20(b). ***new corporation*** means the Port of Melbourne Corporation established under Part 10; ***property*** means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description; ***rights*** means all rights, powers, privileges and immunities, whether actual, contingent or prospective; ***VCA instrument*** means an instrument subsisting immediately before the relevant date— (a) to which VCA was a party; or (b) that was given in favour of VCA; or (c) that refers to VCA; or (i) money is or may become payable to or by VCA; or (ii) other property is to be or may become liable to be transferred to or by VCA. Division 2—Allocation of property etc. New s. 166 inserted by No. 23/2003 s. 24.