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VICTORIA AMATEUR TURF CLUB (INCORPORATING THE MELBOURNE RACING CLUB) ACT 1963 - SECT 8
Application of income and property
The income and property of the club, whencesoever derived, shall be applied
solely towards the promotion of the objects of the club and no portion thereof
shall be paid or transferred directly or indirectly by way of dividend bonus
or otherwise howsoever by way of profit to members of the club.
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