(a) all the functions of the
principal club for New South Wales and committee of the principal club for New
South Wales under the Australian Rules of Racing,
(b) to control, supervise
and regulate horse racing in the State,
(b1) such functions in relation to
the business, economic development and strategic development of the
horse racing industry in the State as are conferred or imposed by this Act,
(c) to initiate, develop and implement policies considered conducive to the
promotion, strategic development and welfare of the horse racing industry in
the State and the protection of the public interest as it relates to the
horse racing industry,
(d) functions with respect to the insuring of
participants in the horse racing industry, being functions of the kind
exercised by the AJC on the commencement of this section, and such other
functions with respect to insurance in the horse racing industry as may be
prescribed by the regulations,
(e) such functions as may be conferred or
imposed on Racing NSW by or under the Australian Rules of Racing or any other
Act,
(f) such functions with respect to horse racing in New South Wales as
may be prescribed by the regulations.
(2) The functions of Racing NSW are not
limited by the Australian Rules of Racing and are to be exercised
independently of Racing Australia Limited.
(3) The AJC ceases to have the
functions that are solely the functions of the principal club for New South
Wales or committee of the principal club for New South Wales under the
Australian Rules of Racing.
(4) In this section--
"AJC" means the club known as the Australian Jockey Club as referred to in the
Australian Jockey Club Act 1873 on the commencement of this section.
