50AValidation of actions taken or decisions made by

50A Validation of actions taken or decisions made by Thoroughbred Racing NT Incorporated (1) Any action taken or decision made or purported to have been taken or made by Thoroughbred Racing NT Incorporated (NTIA 02713) under section 47 or 48 or any other section of this Act during the period commencing on 1 July 2024 and ending immediately before it was first appointed as a race control body by the Minister under section 46 is taken to be valid and to have always been valid as if it had been taken or made by a race control body during that period. (2) To avoid doubt, any action taken or decision made or purported to have been taken or made by any person in reliance on any action taken or decision made or purported to have been taken or made referred to in subsection (1) is taken to be valid and to have always been valid.