Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Gaming Trust problem sorted

Gaming Trust problem sorted

A potential major problem in relation to New Zealand’s 641 Gaming Trusts has been resolved following representations by United Future Revenue spokesman Gordon Copeland to Finance Minister Dr Michael Cullen.

“Currently Gaming Trusts have tax exempt status on the basis that they are charitable in nature but in fact a fair proportion of the $320 million a year which is distributed to thousands of community groups goes to sporting clubs which, although tax exempt, are not charitable.

“The matter had come to a head in the context of the Charities Bill presently before Parliament. Once the bill is enacted charitable and therefore tax-free status will only be available to organisations who apply their funds 100% for charitable purposes. “This would have left the Gaming Trusts in a kind of limbo in relation to their tax-free status thus potentially jeopardising grants in favour of sporting clubs.

“I am pleased that, following our discussions, Dr Cullen has agreed to put the matter beyond doubt by way of amendment to the Income Tax Act confirming the tax-free status of Gaming Trusts,” said Mr Copeland.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>


Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election