2003
2003
2004-07-06
act
government
publicspecial
act.reprint
allinforce
2003-11-12
2003-11-12
0
2004-07-06
act-2004-055
2003
none
act-2003-078
fcd4ff3a-5ea9-4dcd-bae2-36ea75261617
e5dff587-06d6-42cc-ada6-b98c4a897524
Note—
The Act was repealed by the Statute Law (Miscellaneous Provisions) Act 2004
No 55, Sch 3 with effect from 6.7.2004.
An Act to amend the City
Tattersall’s Club Act of 1912 to update the
prudential safeguards applying to City Tattersall’s Club; and for other
purposes.
1Name of
Act
This Act is the City
Tattersall’s Club Amendment Act
2003.
2Commencement
This Act commences on the date of
assent.
3Amendment of City Tattersall’s Club Act of
1912
The City
Tattersall’s Club Act of 1912 is amended as set out
in Schedule 1.
Schedule 1Amendments
(Section 3)
[1]Section 2
Definitions
Insert in alphabetical order:
Annually
adjusted, in respect of a monetary amount, means adjusted on
1 January each year in accordance with the annual percentage increase (if any)
in the Consumer Price Index.
Consumer
Price Index means the number appearing in the Consumer Price
Index (All Groups Index) for Sydney issued by the Australian
Statistician.
[2]Section 6 Power to borrow or
to sell or grant leases
Insert “in an amount, at one time or in one
contract, exceeding $1,500,000 (annually adjusted) or in an amount, at one
time or in one contract, that would result in the club’s
interest-bearing liabilities exceeding $5,500,000 (annually adjusted)”
before “shall be made”.
[3]Section
6
Omit “, leasing, realisation, or
disposition”. Insert instead “or
leasing”.
[4]Section 7 Power to purchase or
lease buildings or lands, and erect club premises
thereon
Omit “five hundred pounds” wherever
occurring.
Insert instead “$1,500,000 (annually
adjusted)”.
[5]Section
13
Insert after section 12:
13Expiry of
Acts
(1)
This Act and the City
Tattersall’s Club Act Amendment Act 1936 expire on a
day to be appointed by proclamation.
(2)
The day must be a day not earlier than both of
the following:
(a)
the day on which the club is incorporated under
another Act of New South Wales or of the Commonwealth,
(b)
31 December 2005.
Historical
notes
Table of amending
instruments
City
Tattersall’s Club Amendment Act 2003 No 78. Second
reading speech made: Legislative Assembly, 12.11.2003; Legislative Council,
19.11.2003. Assented to 27.11.2003. Date of commencement, assent, sec
2.