3. (1) In this Act, unless the contrary intention appears—“Board” means the former Australian Capital Territory Totalizator Administration Board established by the Betting (Totalizator Administration) Act 1964; “Company” means ACTTAB Limited; “relevant day” means the day referred to in subsection 2 (2).
(2) In this Act, a reference to rights and liabilities of a person shall be read as including a reference to—
(a) assets of the person; and
(b) in relation to any contract, agreement or arrangement to which the person is a party—the rights and liabilities of the person in relation to the contract, agreement or arrangement.