South Australian Consolidated Acts South Australian Consolidated Acts (1) A
proprietary racing business licence is to be granted for a term fixed under
the licensee's approved licensing agreement.
(2) If, before the end
of a term for which a proprietary racing business licence has been granted or
renewed, a new approved licensing agreement is entered into, the Governor may,
on the recommendation of the Authority, renew the licence for a term fixed
under the renegotiated agreement.
(3) The Governor is
not bound to act in accordance with the Authority's recommendation and a
licensee is to have no entitlement to, or legitimate expectation of, renewal.