In this Act –

Board means the board of directors of the Company referred to in section 11 ;

Company means the company referred to in section 6 ;

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

principal objectives means the principal objectives of the 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;

TAB means the Totalizator Agency Board formerly established by section 46 of the Racing and Gaming Act 1952 .