Australian Jockey and Sydney Turf Clubs Merger Act 2010
16Updating of certain references to AJC or STC and transfer of contractual rights and obligations
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16 Updating of certain references to AJC or STC and transfer of contractual rights and obligations
16 Updating of certain references to AJC or STC and transfer of contractual rights and obligations
(1) Subject to subsection (2) and the regulations, on and from the merger finalisation day any reference in any instrument to the AJC, the STC or an officer of the AJC or STC while acting on behalf of the AJC or STC is (to the extent to which it relates to any part of the transferable business undertakings) to be read as a reference to the merged racing club.
(2) Subsection (1) does not apply in relation to any reference of the kind referred to in that subsection in any Act or other statutory instrument that is amended by Schedule 3.
(3) On and from the merger finalisation day (and without limiting subsection (1) or sections 13, 15 and 20), the merged racing club is entitled to the benefit and subject to the burden of, and is taken to be a party to, any contract or arrangement in force immediately before the merger finalisation day to which the AJC or STC was a party as if the merged racing club were named in the contract or arrangement as a party instead of the AJC or STC.