New South Wales Consolidated Acts

AUSTRALIAN JOCKEY AND SYDNEY TURF CLUBS MERGER ACT 2010 - SECT 34

34 Authorisation of matters relating to leases over Randwick Racecourse

(1) The following are specifically authorised by this Act for the purposes of the Trade Practices Act 1974 of the Commonwealth and the Competition Code of New South Wales :

(a) any lease entered into between:

(i) the Randwick Racecourse trustees (within the meaning of this Act as originally enacted) and the AJC as provided by section 10 of the Australian Jockey Club Act 2008 , and

(ii) the Trust and the merged racing club as provided by section 33,

(b) the conduct of those persons or any agent in negotiating and entering into any such lease,

(c) the conduct of those persons or any agent in giving effect to any such lease.

(2) Anything authorised to be done by this section is authorised only to the extent to which it would otherwise contravene Part IV of the Trade Practices Act 1974 of the Commonwealth or the Competition Code of New South Wales .

(3) In this section:

"giving effect to" a lease includes:

(a) complying with any obligation under the lease, and

(b) exercising or enforcing any right or power under the lease.