Irish Horseracing Industry 1994
Establishment of companies by Authority.
36.—F19[(1) HRI may, either by itself or with another person, with the consent of the Minister and the Minister for Public Expenditure and Reform, and subject to any conditions of either of those Ministers, establish or take part in the establishment of a company to perform any of the functions conferred upon it by this Act.]
(2) The Authority may exercise total or partial control of the board of directors, by whatever name called, of a company of the Authority that controls or manages the company.
(3) The memorandum and articles of association of a company of the Authority shall be in such form consistent with this Act as may be approved of by the Authority.
(4) A company of the Authority shall make such reports and in such manner to the Authority as it may require.
(5) A company of the Authority may enter into joint ventures with other persons.
(6) The chief officer of a company of the Authority shall hold office on and subject to such terms and conditions (including terms and conditions relating to remuneration) as may be approved of by the board of directors (or other authority, by whatever name called, that controls any such company) with the consent of the Minister and the Minister for Finance.
Annotations:
Amendments:
F19
Substituted (9.03.2016) by Horse Racing Ireland Act 2016 (2/2016), s. 10, S.I. No. 138 of 2016, art. 2.
Modifications (not altering text):
C12
Functions transferred and references to “Department of Finance” and “Minister for Finance” construed (29.07.2011) by Finance (Transfer of Departmental Administration and Ministerial Functions) Order 2011 (S.I. No. 418 of 2011), arts. 2, 3, 5 and sch. 1 part 2, in effect as per art. 1(2), subject to transitional provisions in arts. 6-9.
2. (1) The administration and business in connection with the performance of any functions transferred by this Order are transferred to the Department of Public Expenditure and Reform.
(2) References to the Department of Finance contained in any Act or instrument made thereunder and relating to the administration and business transferred by paragraph (1) shall, on and after the commencement of this Order, be construed as references to the Department of Public Expenditure and Reform.
3. The functions conferred on the Minister for Finance by or under the provisions of —
(a) the enactments specified in Schedule 1, and
(b) the statutory instruments specified in Schedule 2,
are transferred to the Minister for Public Expenditure and Reform.
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5. References to the Minister for Finance contained in any Act or instrument under an Act and relating to any functions transferred by this Order shall, from the commencement of this Order, be construed as references to the Minister for Public Expenditure and Reform.
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Schedule 1
Enactments
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Part 2
1922 to 2011 Enactments
|
Number and Year |
Short Title |
Provision |
|
(1) |
(2) |
(3) |
|
... |
... |
... |
|
No. 18 of 1994 |
Irish Horseracing Industry Act 1994 |
Sections 11, 18, 19, 23(1), 27, 28, 32, 36, 37 and 56(9) |
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... |
... |
... |