41Corporation to make payment to committee of management

41 Corporation to make payment to committee of management

S. 41(1) amended by No. 39/2025 s. 25.

(1) The Corporation must, in respect of each race period in respect of a year, pay to the committee of management such amount, not exceeding the greater of $200 000 or the prescribed amount (if any) or an amount fixed in accordance with the prescribed method of calculation (if any), as is agreed between the Corporation and the committee or, failing agreement, as is jointly determined by the Minister administering the Crown Land (Reserves) Act 1978 and the Minister administering this Act.

(2) Each payment under subsection (1) must be made within 14 days after the end of the race period in respect of the relevant year.

S. 41(3) inserted by No. 70/2004 s. 21.

(3) In this section committee of management does not include the State Sport Centres Trust.