In this Act –

Board means the board of directors of the Company;

Company has the same meaning as in the TOTE Tasmania Act 2000 ;

director means a director of the Company;

incorporation day means the day on which the Company is incorporated;

liabilities includes all liabilities, duties and obligations, whether actual, contingent or prospective;

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;

rights includes all rights, powers, privileges and immunities, whether actual, contingent or prospective;

TAB means the Totalizator Agency Board formerly established under the Racing and Gaming Act 1952 .