Northern Territory Numbered Acts

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RACING AND WAGERING ACT 2024 (NO 8 OF 2024) - SECT 74

Expenses of administration

    (1)     The expenses of and incidental to the conduct of the affairs of a race club by an administrator are payable from the race club's funds.

    (2)     Those expenses include:

    (a)     if the administrator is not a public sector employee –remuneration of the administrator at a rate approved by the Commission; or

    (b)     if the administrator is a public sector employee – the amount that the Commission certifies is to be paid to the Territory as repayment of the administrator's remuneration.

    (3)     An amount certified under subsection (2)(b) is a debt due and payable to the Territory.

    (4)     An administrator has, in relation to the expenses specified in subsection (1), the same priority on the winding up of a race club as the liquidator of an association under the Associations Act 2003 .



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