(1) Race meetings and betting-only meetings may only be held on registered racecourses.(2) A person who holds a race meeting or betting-only meeting on a racecourse other than a registered racecourse is guilty of an offence.Penalty: Fine not exceeding 50 penalty units.(3) In this section registered racecourse means a racecourse specified in (a) a permit issued, and in force, under section 38 ; or(b) a certificate of registration issued, and in force, under section 41 ; or(c) an authorisation issued, and in force, under section 44 .