57Registration of race clubs

57 Registration of race clubs (1) The race control body may register a race club if satisfied that: (a) the constitution of the race club provides that the revenue of the club may only be used for the objects and purposes of the club; and

Racing and Wagering Act 2024 31 (b) the constitution of the race club prohibits the payment of dividends to the members of the club; and (c) any other criteria for registration prescribed by regulation are met. (2) The race control body must revoke the registration of a race club if satisfied that: (a) the revenue of the race club is not being used only for the objects and purposes of the club; or (b) the race club did not comply with its constitution; or (c) any other criteria for revocation prescribed by regulation are met.