(1) A racecourse is a licensed racecourse in relation to a controlling body or an ARO if approved as such by the Minister on an application by the body or ARO.
(2) A racecourse is deemed to have been approved as a licensed racecourse in relation to a controlling body if—
(a) it was a licensed racecourse for the purposes of the Racecourses Act 1935 immediately before the repeal of that Act; and
(b) the licence was held by the controlling body.
(3) A racecourse that was nominated by the ARO under subparagraph 34 (1) (c) (ii) is approved as a licensed racecourse in relation to the ARO.
(4) The Minister may revoke approval of a licensed racecourse in relation to a controlling body or an ARO—
(a) at the request of the controlling body or ARO concerned; or
(b) after satisfying himself or herself that the approval should be revoked.