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AUSTRALIAN JOCKEY AND SYDNEY TURF CLUBS MERGER ACT 2010 - SECT 23
Sale or disposal of racing infrastructure of racecourses prohibited during 10-year moratorium period
23 Sale or disposal of racing infrastructure of racecourses prohibited during
10-year moratorium period
(1) This section applies to any racecourse (other than Randwick Racecourse or
Warwick Farm Racecourse) that becomes vested in the merged racing club by
virtue of the operation of this Division. Note : Randwick Racecourse is owned
by the Trust and, immediately before the merger finalisation day, was leased
to the AJC. The merged racing club will become its lessee by virtue of the
operation of this Division.
(2) The merged racing club may not sell or
otherwise dispose of any of the necessary racing infrastructure of a
racecourse to which this section applies within the 10-year period commencing
on the merger finalisation day.
(3) The
"necessary racing infrastructure" of a racecourse is any lands, buildings or
other facilities (such as racetracks, training grounds, spectator or member
stands and stabling areas) that are necessary for the conduct of race meetings
at the racecourse.
(4) The regulations may make provision for or with respect
to the kinds of lands, buildings or facilities (other than racetracks,
training grounds, spectator or member stands or stabling areas) that are, or
are not, to be treated for the purposes of this section as being necessary for
the conduct of race meetings at a racecourse.
(5) In this section:
"Warwick Farm Racecourse" means the racecourse known as
Warwick Farm Racecourse that was owned by the AJC at the time that this Act
was enacted, and includes any buildings, structures, fixtures, fittings and
other improvements on the racecourse.
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