TAB Queensland Limited Privatisation Act 1999 (Qld)

TAB Queensland Limited Privatisation Act 1999

An Act to provide for the sale of TAB Queensland Limited by the State, and for other purposes

Part 1 Preliminary

Division 1 Introduction

1 Short title This Act may be cited as the TAB Queensland Limited Privatisation Act 1999.

2 Dictionary The dictionary in the schedule defines particular words used in this Act.

Division 2 TABQ no longer a company GOC

3 TABQ stops being company GOC (1) TABQ is no longer a company GOC and, other than to the extent this Act provides, the GOC Act stops applying to it. (2) Subsection (1) does not affect TABQ's registration under the Corporations Law.

Division 3 Object and basic concepts

4 Object The object of this Act is to facilitate the sale by the State of TABQ.

5 Meaning of sale process (1) The sale process is the process relating to the sale of TABQ by the State. (2) The process includes anything connected with or relating to the disposal of all issued shares in TABQ held by a Minister on behalf of the State to persons other than Ministers who, in that capacity, hold the shares on behalf of the State.

6 Meaning of listing day (1) The listing day is the day and time at which shares in TABQ are listed for quotation on the stock market of the Australian Stock Exchange Limited (ACN 008 624 691). (2) In this section— share includes a unit in a share within the meaning of section 9 of the Corporations Law. Editor's note— Corporations Law, section 9— unit, in relation to a share, debenture or other interest, means a right or interest, whether legal or equitable, in the share, debenture or other interest, by whatever term called, and includes an option to acquire such a right or interest in the share, debenture or other interest.