A person shall not conduct a race meeting for the purpose of betting without running races at the meeting, other than with the approval in writing of the Minister, unless—
(a) the meeting is an authorised race meeting;
(b) races were scheduled to be run at the meeting and nominations called for;
(c) sufficient nominations were received for races to be run at the meeting;
(d) the races were cancelled only because of unforeseen circumstances; and
(e) those circumstances did not permit the cancellation to be made more than 2 business days before the meeting.