TASIn ForceAct
Tasmanian Ports Corporation Act 2005
4Interpretation
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### 4 Interpretation
> In this Act, unless the contrary intention appears –
>
> > ***annual general meeting*** means the annual general meeting of the Corporation held in accordance with its constitution;
>
> > ***asset*** includes any, and any part of any, property, business, operation and right;
>
> > ***Board*** means the Board of Directors of the Corporation;
>
> > ***constitution*** means the constitution of the Corporation;
>
> > ***Corporation*** means the Tasmanian Ports Corporation Pty. Ltd. (ACN 114 161 938) registered under the Corporations Act;
>
> > ***Crown asset or liability*** means an asset or liability that is transferred to the Crown by a notice made under [section 25](#GS25@EN) ;
>
> > ***director*** means a director of the Corporation;
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> > ***document*** includes an instrument and part of a document;
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> > ***legal or other proceeding*** includes arbitration proceedings and mediation proceedings;
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> > ***liability*** includes any, or any part of any, liability, duty and obligation, whether actual, contingent or prospective;
>
> > ***member***, in respect of the Corporation, means a member referred to in [section 8](#GS8@EN) ;
>
> > ***port company*** means any of the following companies formed under the [Port Companies Act 1997](/view/html/inforce/2026-04-12/act-1997-014) and registered under the Corporations Act:
> >
> > > > (a) Hobart Ports Corporation Pty. Ltd. (ACN 078 720 180);
> > >
> > > > (b) Port of Launceston Pty. Ltd. (ACN 078 720 108);
> > >
> > > > (c) Port of Devonport Corporation Pty. Ltd. (ACN 078 720 224);
> > >
> > > > (d) Burnie Port Corporation Pty. Ltd. (ACN 078 720 279);
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> > ***principal objectives*** means the objectives of the Corporation specified in [section 6](#GS6@EN) ;
>
> > ***property*** means –
> >
> > > > (a) any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property; and
> > >
> > > > (b) money, documents and securities; and
> > >
> > > > (c) shares in a subsidiary held by a port company; and
> > >
> > > > (d) any other rights;
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> > ***right*** includes any right, power, privilege and immunity, whether actual, contingent or prospective;
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> > ***subsidiary*** has the same meaning as in the Corporations Act;
>
> > [*\[Section 4 Amended by No. 18 of 2025, s. 63, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS63@Hpa@EN) ***subsidiary board***, in relation to a subsidiary, means the board of directors for the subsidiary;
>
> > ***transfer day*** means the day determined by the Minister under [section 5](#GS5@EN) to be the transfer day;
>
> > [*\[Section 4 Amended by No. 18 of 2025, s. 63, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS63@Hpb@EN) ***transferred asset or liability*** means an asset that vests in, or a liability that becomes a liability of, the Corporation by the operation of section 20;
>
> > [*\[Section 4 Amended by No. 18 of 2025, s. 63, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS63@Hpc@EN) ***Treasurer’s Instructions*** means instructions issued under [section 114 of the](/view/html/inforce/2026-04-12/act-1995-022#GS114@EN) [Government Business Enterprises Act 1995](/view/html/inforce/2026-04-12/act-1995-022) in accordance with [section 29](#GS29@EN) of this Act;
>
> > [*\[Section 4 Amended by No. 18 of 2025, s. 63, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS63@Hpc@EN) ***wholly-owned subsidiary***, in relation to the Corporation, means a subsidiary of the Corporation that falls within the definition of *wholly-owned subsidiary*, within the meaning of the Corporations Act, in respect of the Corporation.