(1) An applicant for approval to be an ARO shall—
(a) be a body corporate;
(b) have the capacity—
(i) to conduct and control race meetings for the purpose of betting; and
(ii) ensure that races conducted by it will be conducted honestly and free from criminal influence; and
(c) provide to the Minister—
(i) a copy of the rules under which it proposes to conduct race meetings (including a specification of the kinds of races);
(ii) the particulars of the racecourse or racecourses on which it proposes to conduct race meetings; and
(iii) such other information as the Minister requires for the purpose of evaluating the application.
(2) Where the Minister is satisfied that—
(a) the applicant satisfies paragraphs (1) (a) and (b); and
(b) the rules referred to in subparagraph (1) (c) (i) are satisfactory;
the Minister shall approve an application unless he or she is satisfied that it would be against the public interest to do so.
(3) An approval may be subject to such conditions as the Minister thinks appropriate.
(4) An approval under this section includes an approval of the rules referred to in subparagraph (1) (c) (i).
(5) Where the Minister refuses an application, he or she shall give the reasons for the decision in writing.