112
CurrentPurchase and improvement of racecourses
Part 7Regulation of Racing
Division 2Clubs and racing by clubs
112 Purchase and improvement of racecourses
In this section – allowed limit means – $5 000; or if another amount is prescribed, that other amount.
A racing club must not, without the written approval of Tasracing – buy a racecourse; or spend, in any one racing year, in excess of the allowed limit on improving a racecourse unless the amount of the excess is met from the club's current funds exclusive of any additional borrowings relating, wholly or partly, to the carrying out of those improvements.
This Act’s bill:Explanatory notes
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