Expenses of administration
74 Expenses of administration
(1) The expenses of and incidental to the conduct of the affairs of a race club by an administrator are payable from the race club's funds.
Those expenses include:
(a) if the administrator is not a public sector employee –remuneration of the administrator at a rate approved by the Director; or
(b) if the administrator is a public sector employee – the amount that the Director certifies is to be paid to the Territory as repayment of the administrator's remuneration.
(3) An amount certified under subsection (2)(b) is a debt due and payable to the Territory.
(4) An administrator has, in relation to the expenses specified in subsection (1), the same priority on the winding up of a race club as the liquidator of an association under the Associations Act 2003.
This Act’s bill:Explanatory statementSecond reading speech
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