28
In forceMembers of old Board
Schedule 1Savings and transitional provisions
Part 7Provisions consequent on enactment of Thoroughbred Racing Board Further Amendment Act 1999
28 Members of old Board
(1)
On the commencement of Schedule 1[2] to the amending Act, a person (other than the Chief Executive) who held office as a member of the old Board—
(a)
ceases to hold that office, and
(b)
is eligible (if otherwise qualified) to hold office as a member of the new Board.
(2)
A person who so ceases to hold office is not entitled to any remuneration or compensation because of the loss of that office.
(3)
If a nominated member of the old Board becomes a nominated member of the new Board, any term of office served as member of the old Board is not to be counted for the purposes of section 7(4).
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