Untitled document

Gambling Regulation Amendment (Racing Club Venue Operator Licences) Act 2009

No. 63 of 2009

table of provisions

Section  Page

1Purpose

2Commencement

3New clause 22.1AC of Schedule 7 inserted

22.1ACTransitioning of venue operator licences held by
certain racing club operators

4Repeal

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Endnotes

Gambling Regulation Amendment (Racing Club Venue Operator Licences) Act 2009

No. 63 of 2009

[Assented to 17 November 2009]

The Parliament of Victoria enacts:

1Purpose

The purpose of this Act is to amend the Gambling Regulation Act 2003 to provide for certain transitional arrangements that will apply to venue operator licences held by specified racing clubs.

2Commencement

This Act comes into operation on the day after the day on which this Act receives the Royal Assent.

3New clause 22.1AC of Schedule 7 inserted

Before clause 22.1B of Schedule 7 to the Gambling Regulation Act 2003 insert—

"22.1AC   Transitioning of venue operator licences held by certain racing club operators

(1)In this clause—

club requirements, in relation to a company to which this clause applies, means—

(a)the company is established for a community purpose; and

(b)the constituting document of the company contains provisions prohibiting—

(i)the distribution of any annual profit or surplus to its members; and

(ii)the distribution of any surplus to its members on winding up;

commencement day means the day on which section 3 of the Gambling Regulation Amendment (Racing Club Venue Operator Licences) Act 2009 comes into operation;

disqualifying restructuring event, in relation to a company to which this clause applies, means a change in the membership of the company that results in the company having at least one member who is not a holder of a racing club licence;

new industry arrangements day means the first day that is declared as a gaming machine entitlement declared day in relation to a gaming machine entitlement under section 3.4A.1.

(2)This clause applies to the following companies—

(a)Cranbourne Sports and Entertainment Centre Pty Ltd ACN 084 517 000;

(b)Greyhound Promotions Pty Ltd ACN 055 911 281;

(c)Horsham Racing Centre Pty Ltd ACN 120 174 941;

(d)HRV Management Ltd ACN 114 672 141.

(3)On the commencement day, a venue operator's licence held by a company to which this clause applies is taken to be a club venue operator's licence.

(4)However, if at any time before the new industry arrangements day a disqualifying restructuring event occurs in relation to a company to which this clause applies, the club venue operator's licence held by that company is taken to be a hotel venue operator's licence on the day the disqualifying restructuring event takes effect.

(5)In addition, on the new industry arrangements day a club venue operator's licence held by a company to which this clause applies is taken to be a hotel venue operator's licence if on that day the company does not meet the club requirements.

(6)Subclauses (3) to (5) apply despite anything to the contrary in this Act.".

4Repeal

This Act is repealed on the first anniversary of its commencement.

Note

The repeal of this Act does not affect the continuing operation of the amendments made by it (see section 15(1) of the Interpretation of Legislation Act 1984).

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Endnotes

Minister's second reading speech—

Legislative Assembly: 13 October 2009

Legislative Council: 10 November 2009

The long title for the Bill for this Act was "A Bill for an Act to amend the Gambling Regulation Act 2003 to provide for certain transitional arrangements that will apply to venue operator licences held by specified racing clubs and for other purposes."