"To provide independent, strong and united leadership in the development and enhancement of the NSW Thoroughbred Racing Industry, which will lead to the maintenance of confidence in the integrity of the industry, improvement in its competitive position and increased financial returns to constituent stakeholders"
Racing NSW is constituted by the Thoroughbred Racing Act 1996 No. 37 ("the Act") as amended by the AJC Principal Club Amendment Act 1997. The Act was originally assented to on 25th June 1996 and was described therein as:
"An Act to make provision for the establishment, management and functions of the AJC Principal Club (later amended to Racing NSW) as the representative body to control thoroughbred horse racing in the State; and for other purposes."
You can view the full Thoroughbred Racing Act 1996 courtesy of the Australasian Legal Information Institute.
You can find more information about the Racing NSW at the following links:
