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Australian Jockey and Sydney Turf Clubs Merger Act 2010
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Australian Jockey and Sydney Turf Clubs Merger Act 2010
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Turn the raw legal text into a practical explanation grounded in Australian Jockey and Sydney Turf Clubs Merger Act 2010.
6 Inclusion of mandatory corporate governance provisions in constitution of proposed merged racing club
(1) The inclusion of the mandatory corporate governance provisions in the constitution of a company that is being (or has been) established for the purpose of becoming the merged racing club is specifically authorised.
(2) The merged racing club is specifically authorised to carry on its affairs in accordance with the mandatory corporate governance provisions included in its constitution.
(3) Nothing in this section limits the power of the merged racing club to conduct its affairs in accordance with other provisions that it has included in its constitution, so long as those other provisions are not inconsistent with the mandatory corporate governance provisions included in its constitution.
Note—
See, in particular, section 5G (4) and (11) of the Corporations Act and the declaration made in relation to this section by section 44 (1) of this Act.