Totalizator Agency Board Privatisation Act 1997
50Application and interpretation
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50 Application and interpretation
50 Application and interpretation
(1) This Part applies to the following orders under this Act—
(a) an order under Part 6 transferring a part of the business undertaking of TAB to a TAB subsidiary,
(b) an order under Part 6 transferring a part of the business undertaking of a TAB subsidiary to another TAB subsidiary or to TAB,
(c) an order under Part 7 excluding a part of the business undertaking of TAB or a TAB subsidiary and transferring it to the Ministerial Holding Corporation or other person on behalf of the State,
(d) an order under Part 7 transferring any part of the excluded undertaking to a person acquiring it from the Ministerial Holding Corporation or other person on behalf of the State.
(2) In this Part, the body or person from whom a part of a business undertaking is so transferred is called the transferor and the body or person to whom it is being so transferred is called the transferee.