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AUSTRALIAN JOCKEY AND SYDNEY TURF CLUBS MERGER ACT 2010

- As at 1 July 2018
- Act 93 of 2010

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Name of Act
   2.      Commencement
   3.      Objects of Act
   4.      Interpretation
   5.      Mandatory corporate governance provisions

   PART 2 - MERGER OF AJC AND STC

           Division 1 - Establishment of merged racing club

   6.      Inclusion of mandatory corporate governance provisions in constitution of proposed merged racing club
   7.      Financial arrangements for racecourse improvements
   8.      Recognition of merger
   9.      Alteration of mandatory corporate governance provisions of merged racing club constitution
   10.     Appointment of directors of merged racing club

           Division 2 - Transfer of business undertakings and employees of AJC and STC to merged racing club

   11.     Operation of Division
   12.     Interpretation
   13.     Vesting of assets in merged racing club
   14.     Transfer of transferable regulatory authorisations
   15.     Transferable rights and liabilities become those of merged racing club
   16.     Updating of certain references to AJC or STC and transfer of contractual rights and obligations
   17.     Proceedings against AJC or STC may be taken against merged racing club
   18.     Acts or omissions of AJC or STC taken to be those of merged racing club
   19.     Assets, rights and liabilities outside of the State
   20.     Cessation of certain personal rights and liabilities of officers of AJC or STC
   21.     Potential entitlements and obligations also transferred
   22.     Employees of AJC or STC become employees of merged racing club
   23.     Sale or disposal of racing infrastructure of racecourses prohibited during 10-year moratorium period
   24.     Status of AJC and STC on and after merger finalisation day
   25.     Certification to registration authorities
   26.     No compensation payable
   27.     Confirmation of operation of this Division

   PART 2A - RANDWICK RACECOURSE TRUST

   27A.    Constitution of the Trust
   27B.    Appointment of Trustees
   27C.    Principal function of Trust
   27D.    Sale, mortgage or disposal of Randwick Racecourse generally prohibited
   27E.    Liability of Trust and Trustees
   27F.    Delegation by the Trust

   PART 3 - OPERATION OF RANDWICK RACECOURSE AND OTHER RACECOURSES

           Division 1 - Functions of merged racing club in relation to Randwick Racecourse

   28.     Merged racing club has functions while lessee
   29.     Functions of merged racing club in relation to Randwick Racecourse
   30.     Use of Randwick Racecourse for additional activities
   31.     Maintenance and erection of buildings and improvements

           Division 2 - Leasing of Randwick Racecourse

   32.     (Repealed)
   33.     Further lease of Randwick Racecourse
   34.     Authorisation of matters relating to leases over Randwick Racecourse

           Division 3 - Use of racecourses operated by merged racing club

   35.     Application of Division
   36.     By-laws
   37.     Exclusion of persons from applicable racecourse
   38.     Trespass on applicable racecourse

   PART 4 - MISCELLANEOUS

   39.     Existing clubs legislation ceases to have effect on merger finalisation day
   40.     Relationship of Act with other racing legislation
   41.     Act to bind State and other jurisdictions
   42.     Extraterritorial operation of Act
   43.     Effect of this Act on contracts, instruments and related matters
   44.     Displacement and exclusion of Corporations legislation
   45.     Exemption from State tax
   46.     Giving or service of documents
   47.     Regulations
   48.     Nature of proceedings for offences
   49.     Review of Act
           SCHEDULE 1
           SCHEDULE 2
           SCHEDULE 3
           SCHEDULE 4


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