Due diligence and title checks: Before permitting any use, trustees and event organisers must confirm which parts of the lands are covered by the statutory authorisation. Compare the First and Second Schedules against the Third and Fourth Schedules and the current Transfer of Land Register folios to determine which parcels remain subject to s 2(1). Confirm that s 3 has validated the transfers described in the Third and Fourth Schedules and check the Register entries updated pursuant to s 6.
Check Orders in Council and Gazette notices: Section 2(1) contains a Governor in Council prohibition power. Trustees and contractors must search the Government Gazette and relevant Orders in Council to ensure that the intended category of recreation, entertainment or amusement is not expressly prohibited. Maintain a legal log of such searches as part of event approval procedures.
Accounting and net profit policy: Develop and formally adopt an accounting policy that defines "net profits" for the purposes of s 2(2). That policy should specify revenue items, deductible costs, allocation of shared overheads, timing for net profit determination (for example, per event or per accounting period), taxation treatment and an audit regime. The policy should be approved by the trustees and the Royal Agricultural Society’s governing body and recorded in minutes.
Board resolutions and delegation: Document trustee authorisations to permit events and delegate operational authority (for example, to an events manager). Ensure the governing body records directions about how net profits are to be applied when not used for land improvements (s 2(2)(b)). Keep formal minutes to evidence compliance and the chain of authority.
Contractual safeguards with event operators: Use licences or hire agreements that oblige operators to comply with any applicable Orders in Council, planning requirements, local laws and the trustees’ net profit accounting arrangements. Contracts should allocate insurances, indemnities, security deposits, repair liabilities for damage to land or buildings, and specify audit rights in respect of gross revenue and costs to verify net profit calculations.
Planning approvals and local controls: Even though s 4 removes the application of a specific planning provision (s 46 Planning and Environment Act 1987) to the remaining lands, do not assume that planning approvals are unnecessary. Seek advice on all relevant planning requirements, local laws, building, health and safety regulations. Obtain any permits required by local councils or other statutory regulators.
Recordkeeping, audit and transparency: Retain comprehensive financial records, event reports, attendance figures, receipts, invoices and bank statements. Implement periodic independent financial review or audit of the net profit calculations. Provide transparent reporting to beneficiaries and relevant stakeholders consistent with statutory duties and the governing body’s directions.
Title and register compliance: Coordinate with the Registrar of Titles to confirm that requisite register amendments under s 6 have been completed. Obtain updated title searches and certificates. Where new dealings or encumbrances are contemplated, ensure instruments reference the modern corporate name as deemed by s 5 and that the Register entries reflect the current corporate identity.
Insurance and risk management: Maintain appropriate public liability, property and event insurance for each permitted use. Ensure insurance policies align with contracts and indemnities and cover both trustees and the Royal Agricultural Society as insured parties where appropriate.
Community and stakeholder engagement: Although not required by this Act, consider implementing community consultation and traffic/amenity management plans for large events to mitigate externalities and reduce the risk of contestation or reputational harms that could translate into legal action.
Legal review and drafting: Prior to authorising non‑trivial events or entering into long‑term commercial uses, obtain formal legal advice on the interaction of this Act with the Planning and Environment Act, the Transfer of Land Act, local regulations, trust duties and the Society’s constitutive documents. Draft agreements to protect the trustees’ control over use, profit calculation and the application of net profits consistent with s 2(2).
Audit trail for profit application: When net profits are applied to improvements or otherwise for Society purposes, prepare contemporaneous documentation showing the decision, the governing body’s direction (where applicable), invoices and records of expenditure applied to the permitted categories (s 2(2)(a)-(b)).
Monitor legal and statutory changes: The 1989 and 1994 amendments demonstrate that the statutory framework can be updated. Keep monitoring legislative developments, government Gazette notices and any changes to planning law that might affect the scope or viability of events on the lands.
Checklist summary:
- Confirm exact parcels via Schedule/folio comparison and current Register searches.
- Search Government Gazette for any Governor in Council prohibitions.
- Adopt a formal net profit accounting policy and independent audit procedure.
- Record trustee and governing body authorisations and directions in minutes.
- Use licences/leases that incorporate audit and indemnity clauses.
- Verify planning, building and health permits required; do not assume exemption.
- Ensure Registrar has made necessary Register amendments; obtain updated certificates.
- Maintain insurance and risk management protocols.
- Keep transparent financial records demonstrating application of net profits to permitted uses.
Following these steps will align on‑the‑ground practice with the Act’s statutory authorisations and obligations, reduce legal risk, and provide documentary evidence necessary to demonstrate compliance with the Act’s profit allocation and use restrictions.