VRC 26 Definitions In this Part— means the day on which this commencement day Act comes into operation; means all liabilities, duties and liabilities obligations, whether actual, contingent or prospective; means The Victoria Racing Club Act old Act 1871; means— old body (a) VRC; or (b) the person who is the Chairman for the time being of the committee of VRC acting on behalf of VRC; or (c) the members collectively of VRC; means any legal or equitable estate or property interest (whether present or future and whether vested or contingent) in real or personal property of any description; means all rights, powers, privileges and rights immunities, whether actual, contingent or prospective. 27 Crown lease (1) On the commencement day the Crown lease vests in VRC Limited as lessee for the remainder of the term of the lease.
VRC 26 Definitions In this Part— commencement day means the day on which this Act comes into operation; liabilities means all liabilities, duties and obligations, whether actual, contingent or prospective; old Act means The Victoria Racing Club Act 1871; old body means— (a) VRC; or (b) the person who is the Chairman for the time being of the committee of VRC acting on behalf of VRC; or (c) the members collectively of VRC; property means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description; rights means all rights, powers, privileges and immunities, whether actual, contingent or prospective. 27 Crown lease (1) On the commencement day the Crown lease vests in VRC Limited as lessee for the remainder of the term of the lease.