Racing Venues Development Act Amendment Act 1988 (Qld)

793 (1 uecnsfanb ANNO TRICESIMO SEPTIMO ELIZA ET AE SECUNDAE R EGINAE An Act to amend the Racing Venues DevelopmentAct 1982 in certain particulars [ASSENTED TO 21ST OCTOBER, 1988]

794 Racing Venues Development Act Amendment Act 1988, No. 69 BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. Short title and citation . (1) This Act may be cited as the Racing Venues Development Act Amendment Act 1988. (2) In this Act, the Racing Venues Development Act 1982 is referred to as the Principal Act. (3) The Principal Act as amended by this Act may be cited as the Racing Venues Development Act 1982-1988. 2. Amendment of s. 14. Rules . Section 14 of the Principal Act is amended by omitting subsection (4) and substituting the following subsection:- "(4) Section 28A of the Acts Interpretation Act 1954-1985 (which requires regulations to be published in the Gazette and laid before the Legislative Assembly as prescribed therein) applies in relation to every rule as if it were a regulation.". 3. Repeal of ss. 15, 16 and 17 and new ss. 15 and 16. The Principal Act is amended by repealing section 15 (Accounts and Audit), section 16 (Powers of Auditor-General) and section 17 (Offence) and substituting the following sections:- "15. Superannuation scheme or arrangement. (1) Trustees are authorized and are deemed always to have been authorized to establish or participate in a scheme or arrangement that secures superannuation or provident benefits for any employee or employees of trustees or the dependants thereof. (2) On and after the passing of the Racing Venues Development Act Amendment Act 1988, it shall not be competent to trustees- (a) to establish or to commence to participate in a scheme or arrangement such as is referred to in subsection (1); (b) to amend a scheme or arrangement such as is referred to in subsection (1); (c) to continue to participate in a scheme or arrangement such as is referred to in subsection (1) that is amended subsequent to the passing of the Racing Venues Development Act Amendment Act 1988 and subsequent to the trustees commencing to participate therein, unless the approval of the Governor in Council has first been obtained to the establishment, participation, amendment or, as the case may be, continued participation. (3) A reference to a scheme or arrangement in subsection (2) (b) or (2) (c) includes a reference to any scheme or arrangement which trustees have established before or in which trustees were

Racing Venues Development Act Amendment Act 1988, No. 69 795 participating immediately before the passing of the Racing Venues Development Act Amendment Act 1988. 16. Financial Administration . Trustees by their official name are a statutory body within the meaning of the FinancialAdministration and Audit Act 1977-1985 and the provisions of that Act apply accordingly.". 4. Amendment of s. 31. Application of moneys received . Section 31 of the Principal Act is amended, in subsection (2), by inserting the word "financial" before the word "year". 5. Repeal of s. 34. Annual report. The Principal Act is amended by repealing section 34.