12Interpretation

12 Interpretation

12 Interpretation

(1) In this Division:

conduct includes any act or omission.

member means:

(a) in relation to the AJC—a member of the AJC under its club rules and includes any person who was previously a member of the former AJC under its club rules, and

(b) in relation to the STC—a member of the STC within the meaning of the Sydney Turf Club Act 1943.

officer means:

(a) in relation to the AJC—a director or secretary of that company within the meaning of the Corporations Act and includes any person who was previously a Chairman of the Committee of the former AJC or any other member of that Committee, and

(b) in relation to the STC—a director of the STC within the meaning of the Sydney Turf Club Act 1943.

transferable assets means:

(a) all of the assets vested (whether absolutely or contingently or in full or in part) in, or otherwise held by, the AJC immediately before the merger finalisation day (including any lease of Randwick Racecourse granted to the AJC under the Australian Jockey Club Act 2008), and

(b) all of the assets vested (whether absolutely or contingently or in full or in part) in, or otherwise held by, the STC immediately before the merger finalisation day.

transferable business undertakings means all of the following:

(a) the transferable assets,

(b) the transferable rights,

(c) the transferable liabilities,

(d) the transferable regulatory authorisations.

transferable liabilities means all of the liabilities of the AJC and the STC immediately before the merger finalisation day.

transferable regulatory authorisations means all regulatory authorisations in force that are held by or on behalf of the AJC or STC immediately before the merger finalisation day, including (without limitation) each of the following:

(a) any licence held by or on behalf of the AJC or STC that is in force under the Liquor Act 2007,