New South Wales Consolidated Acts

AUSTRALIAN JOCKEY AND SYDNEY TURF CLUBS MERGER ACT 2010 - SCHEDULE 3

SCHEDULE 3 – Provisions relating to the procedure of the Trust

1 General procedure

The procedure for the calling of meetings of the Trust and for the conduct of business at those meetings is, subject to this Act and the regulations, to be as determined by the Trust.

2 Quorum

The quorum for a meeting of the Trust is all of the Trustees for the time being.

3 Presiding Trustee

(1) The Chairperson of the Trust (or, in the absence of the Chairperson, another Trustee elected to chair the meeting by the Trustees present) is to preside at a meeting of the Trust.

(2) The presiding Trustee has a deliberative vote and, in the event of an equality of votes, has a second or casting vote.

4 Voting

A decision supported by a majority of the votes cast at a meeting of the Trust at which a quorum is present is the decision of the Trust.

5 Transaction of business outside meetings or by telephone

(1) The Trust may, if it considers fit, transact any of its business by the circulation of papers among all the Trustees for the time being, and a resolution in writing approved in writing by a majority of those Trustees is taken to be a decision of the Trust.

(2) The Trust may, if it considers fit, transact any of its business at a meeting at which Trustees (or some Trustees) participate by telephone, closed-circuit television or other means, but only if any Trustee who speaks on a matter before the meeting can be heard by the other Trustees.

(3) For the purposes of:

(a) the approval of a resolution under subclause (1), or

(b) a meeting held in accordance with subclause (2),

the Chairperson and each Trustee have the same voting rights as they have at an ordinary meeting of the Trust.

(4) A resolution approved under subclause (1) is, subject to the regulations, to be recorded in the minutes of the meetings of the Trust.

(5) Papers may be circulated among the Trustees for the purposes of subclause (1) by facsimile or other transmission of the information in the papers concerned.

6 Minutes

The Trust must cause full and accurate minutes to be kept of the proceedings of each meeting of the Trust.

7 First meeting

The Minister may call the first meeting of the Trust in such manner as the Minister considers fit.