Australian Jockey and Sydney Turf Clubs Merger Act 2010
11Operation of Division
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11 Operation of Division
11 Operation of Division
This Division operates, on and from the merger finalisation day, specifically (and in accordance with the requirements of this Division):
(a) to transfer the transferable business undertakings and the employees of the AJC and STC to the merged racing club, and
(b) to confer or impose other rights and liabilities on the merged racing club and certain other persons in connection with the transfer of the transferable business undertakings.
Note—
See, in particular, section 5G (4), (5) and (11) of the Corporations Act and the declaration made in relation to this Division by section 44 (1) of this Act.