Surrender of Racing Victoria Centre land
95C Surrender of Racing Victoria Centre land
The chairman of the committee of the Victoria Racing Club, by instrument, may surrender to the Crown the Racing Victoria Centre land which is vested in the chairman to be held on trust for the Victoria Racing Club under The Victoria Racing Club Act 1871 and described in Crown lease Volume 10757 Folio 757.
On the surrender of the land under subsection (1)—
Crown lease Volume 10757 Folio 757 is revoked; and
the chairman of the committee of the Victoria Racing Club is freed and discharged from all further duties and liabilities under any trust in respect of that land; and
the Racing Victoria Centre land is deemed to be unalienated land of the Crown, freed and discharged from all trusts, limitations, reservations, restrictions, encumbrances, estates and interests.
S. 95D inserted by No. 92/2005 s. 4.
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