73Revocation of appointment

73 Revocation of appointment (1) An administrator holds office until the appointment is revoked. (2) The race control body may, by written notice, revoke the appointment of an administrator. (3) If a liquidator of a race club is appointed, the appointment of an administrator of the race club is automatically revoked. (4) As soon as practicable after the revocation of an administrator's appointment, the administrator must prepare and submit a report to the race control body showing how the administration was carried out and, for that purpose, an administrator has access to the race club's records and documents. (5) On providing the report under subsection (4) and accounting fully in relation to the administration of the race club to the satisfaction of the race control body, the administrator is released from further duty to account in relation to the administration of the race club other than on account of fraud, dishonesty, negligence or wilful failure to comply with this Act. (6) Before revoking the appointment of an administrator of a race club, the race control body must: (a) appoint another administrator; or (b) ensure that members of the governing board or committee of the race club are elected in accordance with the constitution of the race club at a meeting convened by the administrator in accordance with the constitution; or (c) appoint members to the governing board or committee of the race club. (7) Elected members of the governing board or committee or members of the governing board or committee appointed under subsection (6): (a) take office on the revocation of the administrator's appointment; and (b) in the case of members appointed under subsection (6)(c) – hold office, subject to this Act, until the next annual general meeting of the race club after the revocation of the administrator's appointment.

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