3Interpretation

3 Interpretation

*[Section 3 Amended by No. 40 of 1996, s. 3 and Sched. 1 ]*In this Act, unless the contrary intention appears –

articles means articles of association;

[Section 3 Amended by No. 18 of 2025, s. 57, Applied:01 Jan 2026] board of directors means the board of directors for the Company;

Company means a company formed under section 5 and incorporated under the Corporations Law ;

[Section 3 Amended by No. 65 of 2005, Sched. 1, Applied:15 Dec 2005] [Section 3 Amended by No. 54 of 2016, s. 119, Applied:31 Mar 2017]

function includes duty;

incorporation day means the day specified in a certificate of registration issued under the Corporations Law as the day of commencement of the registration of the Company;

liability includes any liability, duty and obligation, whether actual, contingent or prospective;

[Section 3 Amended by No. 18 of 2025, s. 57, Applied:01 Jan 2026] member, in respect of the Company, means a member referred to in section 8 ;

memorandum means memorandum of association;

prescribed branch has the same meaning as in the Transport Act 1981 ;

property means legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property and includes money, documents, securities, choses in action and other rights;