3Objects of Act

3 Objects of Act

3 Objects of Act

The objects of this Act are as follows:

(a) to facilitate the merger of the AJC and the STC into a new racing club incorporated under the Corporations Act (including by making provision for the transfer of certain assets, rights and liabilities and employees to the merged racing club),

(b) to make provision in relation to the corporate governance of the merged racing club,

(c) to provide for the functions of the merged racing club in relation to Randwick Racecourse and certain other racecourses,

(d) to provide for the granting of further leases over Randwick Racecourse,

(e) to provide for the repeal of the Australian Jockey Club Act 2008 and the Sydney Turf Club Act 1943,

(f) to make provision for matters of a savings or transitional nature,

(g) to make consequential amendments to certain other Acts and statutory instruments.