Eagle Farm Racecourse Bill 1997 (Qld)

Queensland

EAGLE FARM RACECOURSE BILL 1997

EAGLE FARM RACECOURSE BILL 1997

TABLE OF PROVISIONS

Section Page 1 Short title 20.6... 4 2 Commencement .... 0.0.6... cece ccc cette eee eens 4 3 Definitions 2.0.0... 0. cece eet aees 4 4 Abolition of trust 2.0.60... cece teen eens 4 5 Vesting of trust property and other assets and liabilities ............... 4 6 Lodgement of transfer for registration ............. 000 ec cece eee eee 5 7 Limitations on dealing with and using trust land ..................... 5 8 Proceedings by or against trustees... 6.0... eee eee eee 5 9 Transitional references to trustees ...... 0.0.00. eee ee 6 10 Repeal of Eagle Farm Racecourse Act 1993 1.00... . 0. cc eee eee ee 6

A BILL FOR

An Act to transfer the Eagle Farm racecourse lands to the Queensland Turf Club Ltd and for other purposes

sl 4 s5 Eagle Farm Racecourse

The Parliament of Queensland enacts—

Short title 1. This Act may be cited as the Eagle Farm Racecourse Act 1997.

Commencement

2. This Act commences on | January 1998.

Definitions

3. In this Act— "QTC Ltd" means Queensland Turf Club Ltd ACN 079 598 235. "repealed Act" means the Eagle Farm Racecourse Act 1993.

"trustee" means a person who was a trustee under the repealed Act immediately before the commencement of this Act.

"trust land" means land that was trust land under the repealed Act immediately before the commencement of this Act.

"trust property" means property that was trust property under the repealed Act immediately before the commencement of this Act.

Abolition of trust 4. The trust established under the repealed Act (the "trust") is at an end.

Vesting of trust property and other assets and liabilities

5.(1) The trust property, including the trust land, is transferred to, and vests in, the QTC Ltd.

(2) Any other asset or liability of the trustees is transferred to, and vests in, the QTC Ltd.