95EPower to enter agreements to use, sub-lease or assign interest in Racing Victoria Centre land

95E Power to enter agreements to use, sub-lease or assign interest in Racing Victoria Centre land (1) Subject to subsection (2), on or after the granting a Crown lease of the Racing Victoria Centre land under section 95D, Racing Victoria may use, sub‑let or assign its interest in the Racing Victoria Centre land or any part of that land if, in the opinion of Racing Victoria the use, letting or assignment— (a) is for a purpose consistent with the purposes specified in section 95D; and (b) will not prevent or hinder Racing Victoria from carrying out its functions. (2) Racing Victoria must obtain the written approval of the Minister before exercising a power under subsection (1). (3) An agreement to use, a sub-lease or an assignment of an interest entered into under this section— (a) may be for a term determined by Racing Victoria not exceeding 21 years; and (b) is subject to any other covenants, exceptions, reservations and conditions that are determined by Racing Victoria. S. 95F inserted by No. 92/2005 s. 4.