SAHorseracing.com
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Australian Turf Club Under administration

Racing NSW has formally installed Morgan Kelly as administrator of the Australian Turf Club, bringing months of legal uncertainty to an end while introducing a new governance structure aimed at reviewing the club's operations, financial position and long-term direction without disrupting its day-to-day activities.

Kelly, who has already been working with the ATC on matters relating to its hospitality division, will oversee the administration with the support of a five-member advisory committee. The panel comprises ATC chairman Tim Hale, vice-chair Caroline Searcy, director Bernie Brookes, and Racing NSW board members Michael Crismale and Simon Tuxen.

While Racing NSW has not confirmed the future role of the existing ATC board, which also includes Annette English and David McGrath, it is understood the board will continue to have some involvement during the administration process.

Governance Review Begins

Although Racing NSW initiated the administration process, it confirmed it will not be involved in the club's daily management. The current ATC executive team will remain responsible for running race meetings, events and member services under Kelly's oversight.

Explaining the purpose of the appointment, Racing NSW said the administration would focus on strengthening the club's long-term position.

"The administrator will undertake a comprehensive review of the ATC's operations, financial position and governance arrangements. This review will identify opportunities to improve efficiency, strengthen performance and implement best practice governance and operational standards," Racing NSW said.

That statement is significant as it outlines that the administration extends beyond financial oversight and will examine the club's governance framework and operational standards.

Racing NSW also emphasised the role of the advisory committee in maintaining continuity throughout the process.

"The advisory committee has been established to provide management, continuity and industry experience.

"The inclusion of three current member-elected directors ensures that the perspectives of the club's membership will continue to be represented as decisions are made regarding the future direction of the ATC."

Legal Dispute Concludes

The appointment concludes a lengthy legal battle between Racing NSW and the ATC over whether the regulator had the authority to appoint an administrator.

Racing NSW first sought to install Kelly in December, but the ATC successfully obtained an injunction before prevailing in the Supreme Court in February, when Justice Francois Kunc ruled the regulator lacked the power to impose an administrator.

That judgment was later overturned by the Court of Appeal, which delivered its decision on June 19 and directed the ATC to either seek leave to appeal to the High Court or appoint an administrator by July 13.

Financial Support Confirmed

Alongside the governance changes, Racing NSW announced additional financial support designed to assist the club while the review is undertaken.

The regulator confirmed it will continue guaranteeing the ATC's existing loan facilities while also providing funding and cash flow assistance to ensure the club meets its financial obligations.

Urgent maintenance projects will also receive funding, including repairs to the escalators at Royal Randwick, which Racing NSW noted have been out of operation for more than five years.

According to the regulator, those works are intended to improve facilities for members, racegoers and industry participants while racing and club operations continue without interruption.

With the legal dispute now settled and the administration structure in place, attention shifts from the courtroom to the comprehensive review that will shape the Australian Turf Club's future governance and operations.

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