Section 1 is the interpretation section and contains the definitions used throughout the Bill. Section 2 provides that the Bill applies to all events designated under the principal Act and to any contracts in relation to those events entered into after 13 November 1999, which was the date on which the Principal Act was enacted. Section 3, for the purposes of clarification, amends the definition of "the Minister" as defined in the 1999 Act to read the "Minister for Communications, Marine and Natural Resources".