Thoroughbred Racing Act 1996

On the reconstitution day—

each person holding office as an appointed member of Racing NSW immediately before that day ceases to hold that office, and

each person holding office as the Chairperson or Deputy Chairperson of Racing NSW immediately before that day ceases to hold that office.

Any person who ceases to hold an office by operation of this clause—

is not entitled to any remuneration or compensation because of loss of that office, and

is eligible (if otherwise qualified and subject to sections 6 and 16 as amended or substituted by the amending Act) to be appointed as a new member of Racing NSW and, if so appointed, also to be appointed as the new Chairperson or new Deputy Chairperson of Racing NSW.

Neither this clause nor any amendment made by the amending Act to section 6 or 16 affects—

the continuity of existence of Racing NSW as a body corporate established by this Act, or

the continuity of operation of any decision made or other action taken by the members (or the Chairperson or Deputy Chairperson) of Racing NSW before ceasing to hold office under this clause, or

the continuity of employment of the Chief Executive and other members of staff of Racing NSW.