Metro Tasmania Act 1997 (Tas)

Metro Tasmania Act 1997

An Act to establish Metro Tasmania to provide for passenger transport services and for related purposes [Royal Assent 14 January 1998]

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 Metro Tasmania Act 1997 .

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

3. Interpretation In this Act – Board means the board of directors of the Company referred to in section 9 ; Company means the company referred to in section 4 ; liability includes any liability, duty and obligation, whether actual, contingent or prospective; member of the Company means a member referred to in section 7 ; principal objective means the objective of the Company specified in section 5 ; 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.

PART 2 - Metro Tasmania

4. Formation of Company The Minister may form, or participate in the formation of, a company limited by shares that is to be incorporated under the Corporations Law to perform functions relating to the operation of one or more public transport systems.

5. Principal objective of Company The principal objective of the Company is to provide passenger transport services in Tasmania, whether those services are by road, rail, ferry or otherwise, and to operate those services in a manner consistent with sound commercial practice.