Victorian Current Acts Victorian Current Acts(1) Any sub-lease or licence authorised under the old Act and existing immediately before the commencement day in respect of the Flemington Racecourse land has effect on and from the commencement day as if it had been granted by VRC Limited.
(2) On and from the commencement day all references to an old body in any sub-lease or licence referred to in subsection (1) are to be read as references to VRC Limited.
(3) Nothing effected by this section in respect of a sub-lease or licence provides a person with a right to repudiate that sub-lease or licence.