3Interpretation

3 Interpretation

In these regulations –

Act means the Tasmanian Development Act 1983 ;

administrator means a person appointed as administrator under section 32 of the Act;

associated entity – see regulation 4 ;

business judgment means any decision to take or not to take action in respect of a matter relevant to the business operations of the Authority;

former director means a person who ceased to be a director within the period of 7 years immediately preceding the relevant time;

former officer means a person who ceased to be an officer within the period of 7 years immediately preceding the relevant time;

material personal interest – see regulation 5 ;

relative includes a person with whom a person is in a personal relationship, within the meaning of the Relationships Act 2003 .