s 127
In forceDefinitions for division
Chapter 3Control bodies managing their codes of racing
Part 5Provisions applying to licensed clubs
Division 4Provisions for licensed clubs that are non-proprietary entities
127 Definitions for division
In this division—
deal with, an asset, includes grant a right in relation to the asset, mortgage, lend, lease or register a charge over the asset, but does not include dispose of the asset.
dispose, of an asset, includes distribute, forfeit, relinquish possession of, sell or otherwise give up, the asset.
non-proprietary entity means—
(a)
a licensed club that is a non-proprietary club; or
(b)
a corporation that was a licensed club and, when it was licensed, was a non-proprietary club.
relevant control body, relating to a non-proprietary entity, means the control body in relation to which the entity is or was licensed.
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