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Totalizator Agency Board Privatisation Act 1997
18Continuity of contracts and arrangements
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18 Continuity of contracts and arrangements
18 Continuity of contracts and arrangements
(1) Without limiting any other provision of this Act or the regulations, TAB Limited is, on and after the conversion, entitled to the benefit of, and taken to be a party to, any contract or arrangement entered into by TAB with any person and having force immediately before the conversion.
(2) Section 19 does not affect the operation or continuity of any contract or arrangement referred to in subsection (1).
(3) This section is subject to the operation of Part 9 (Vesting of undertaking on transfer).