27DSale, mortgage or disposal of Randwick Racecourse generally prohibited

27D Sale, mortgage or disposal of Randwick Racecourse generally prohibited

27D Sale, mortgage or disposal of Randwick Racecourse generally prohibited

(1) The Trust may not, without the consent of the Minister, sell, mortgage or otherwise dispose of any of the land or buildings that form part of Randwick Racecourse.

(2) The Minister may grant consent under subsection (1) to the sale, mortgage or other disposal of land or a building only if the Minister is satisfied that the sale, mortgage or disposal of the land or building will neither:

(a) affect, to any significant degree, the continued use of Randwick Racecourse for the purpose of a public racecourse and associated activities, nor

(b) constitute a breach of the Randwick Racecourse lease by the Trust.

(3) Nothing in this section prevents or otherwise limits the Trust from granting any lease under section 33.

pt 2A (ss 27A–27F): Ins 2011 No 30, Sch 1 [6].