Port Companies Act 1997 (Tas)

Port Companies Act 1997

An Act to establish companies to provide port and shipping facilities and services in Tasmania and for related purposes [Royal Assent 27 June 1997]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

PART 1 - Preliminary

1. Short title This Act may be cited as the Port Companies Act 1997 .

2. Commencement This Act commences on a day to be proclaimed.

3. Interpretation In this Act – appropriate company, in relation to a former board, means – (a) the company that is formed to replace that former board; or (b) a subsidiary of a company, being a subsidiary that is formed to replace that former board; asset includes any business or property; Board means the Board of Directors as constituted under section 11 or 12 ; commencement day means the day proclaimed under section 2 ; company means a company formed under section 5 ; Crown land means land as defined in the Crown Lands Act 1976 ; designated airport means an airport declared to be a designated airport under section 4 ; director means – (a) an initial director; and (b) a subsequent director; former Act means the Marine Act 1976 ; former board means a marine board under the former Act; incorporation day means the day on which a company is incorporated; initial director means a director referred to in section 11 ; liability includes any liability, duty and obligation, whether actual, contingent or prospective; member of a company means a member referred to in section 9 ; port includes a designated airport; principal objectives means the objectives of a company specified in section 7 ; 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) any other rights; right includes any right, power, privilege and immunity, whether actual, contingent or prospective; subsequent director means a person appointed as a director under section 12 ; subsidiary has the same meaning as in the Corporations Act; transfer day means the day on which a transfer under Division 3 of Part 2 takes effect.