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AUSTRALIAN JOCKEY AND SYDNEY TURF CLUBS MERGER ACT 2010 - SECT 27D
Sale, mortgage or disposal of Randwick Racecourse generally prohibited
27D Sale, mortgage or disposal of Randwick Racecourse generally prohibited
(1) The Trust may not, without the consent of the Minister, sell, mortgage or
otherwise dispose of any of the land or buildings that form part of
Randwick Racecourse.
(2) The Minister may grant consent under subsection (1)
to the sale, mortgage or other disposal of land or a building only if the
Minister is satisfied that the sale, mortgage or disposal of the land or
building will neither: (a) affect, to any significant degree, the continued
use of Randwick Racecourse for the purpose of a public racecourse and
associated activities, nor
(b) constitute a breach of the
Randwick Racecourse lease by the Trust.
(3) Nothing in this section prevents
or otherwise limits the Trust from granting any lease under section 33.
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