Western Australian Numbered Acts

PUBLIC TRANSPORT AUTHORITY ACT 2003 (NO. 31 OF 2003) - SECT 86

86 .         Terms used in this Division

                In this Division, unless the contrary intention appears —

        “asset” means property of any kind belonging, immediately before the commencement time, to the Rail Corridor Minister, whether tangible, intangible, real, or personal and, without limiting that meaning, includes —

            (a)         any chose in action or goodwill; or

            (b)         any right, interest, or claim of any kind,

                whether arising from, accruing under, created or evidenced by or the subject of, an instrument or otherwise and whether liquidated or unliquidated, actual, contingent or prospective;

        “commencement time” means the time when this Division comes into operation;

        “liability” means any liability, duty or obligation that, immediately before the commencement time, the Rail Corridor Minister had —

            (a)         whether actual, contingent or prospective, liquidated or unliquidated; or

            (b)         whether owed alone or jointly or jointly and severally with any other person;

        “Rail Corridor Minister” means the former body corporate named “the Rail Corridor Minister” established by the Rail Freight System Act 2000 section 32(1);

        “right” means any right, power, privilege or immunity that, immediately before the commencement time, the Rail Corridor Minister had whether actual, contingent or prospective.