Clause 5
To insert after subclause (2) (line 2 on page 7) the following subclause:
(2A) Section 4(1) is amended by repealing paragraph (a)(iii) of the definition of authorised purpose and substituting the following paragraph:“(iii) the maintenance and development of racing club infrastructure and racecourses, including the payment of wages and salaries and purchase of goods and services ancillary to this purpose and the promoting, controlling, and conducting of race meetings under the Racing Act 2003, but not including the payment of racing stakes:”.
(2A) Section 4(1) is amended by repealing paragraph (a)(iii) of the definition of authorised purpose and substituting the following paragraph:
“(iii) the maintenance and development of racing club infrastructure and racecourses, including the payment of wages and salaries and purchase of goods and services ancillary to this purpose and the promoting, controlling, and conducting of race meetings under the Racing Act 2003, but not including the payment of racing stakes:”.