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.