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

 


Greens' Casino Bill Unnecessary


Greens' Casino Bill Unnecessary

Press Release by ACT Leader John Banks


Wednesday, November 14 2012

Green MP Metiria Turei’s Criminal Proceeds (Recovery) Act (Application to Casinos) Amendment Bill promises a lot but in reality will achieve nothing, ACT Leader John Banks said today.

“The intention of the bill is to encourage casinos to implement the best practices and systems to detect and prevent problem gamblers and money launderers, and return those proceeds to the people from whom they were stolen, but many of the bill’s aims are already achieved by existing legislation rendering it unnecessary,” Mr Banks said.

“The Gambling Act already places a requirement on casinos to adopt policies to identify problem gamblers and requires them to minimise the harm from problem gambling. If they don’t comply they can be fined and risk losing their licence.

“The Financial Transactions Reporting Act 1996 requires casinos to keep transaction records and to verify the identity of people conducting occasional activity when the amount is $10,000 or more. Casinos must report suspicious transactions to the police.

“The Anti-Money Laundering and Countering Financing of Terrorism Act 2009, which comes into force in 2013, will put in place a more robust regime to monitor, detect, and report suspicious activity to prevent money laundering.

“Therefore, there is no need for Ms Turei’s bill.

“In addition, Ms Turei claims she wants to help victims of problem gambling by returning stolen money to them but the civil forfeiture regime she wants to apply to casinos returns money to the Crown, not the victims.

“Good intentions are one thing but it’s outcomes that really matter. This bill would create unnecessary layers of regulation for no additional benefit. This is why we won’t support it,” Mr Banks said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

2040 Target And Lower Standards: “Swimmable” Rivers Five Times More Likely To Make You Sick

Forest & Bird has condemned the government’s new water quality standards, warning New Zealanders that they lock in current levels of water pollution and allow for a 5-fold increase in the chance of getting sick from swimming in a river.

“Despite an explicit assurance from Minister Smith that the new water standards would provide for human and ecosystem health, he has failed to deliver on either of these things,” says Forest & Bird CEO Kevin Hague. More>>

 
 

Mayor: 750 New Social And Affordable Homes For Wellington

The next stage of Wellington’s Housing Upgrade Programme will see at least 750 new units of social and affordable housing built over the next decade, Mayor Justin Lester has announced. More>>

ALSO:

22/2: Christchurch Quake Memorial Unveiled

A city, a region, a nation and an international community impacted by the Canterbury Earthquakes will come together to mark the sixth anniversary of the deadly quake and dedicate Oi Manawa Canterbury Earthquake National Memorial. More>>

ALSO:


November Quakes:

Gordon Campbell: On The Mana-Maori Party Deal

If the self-interest involved wasn’t so blatant, the electorate deal between the Maori Party and Hone Harawira would be kind of poignant. It’s a bit like seeing the remaining members of Guns’n’Roses or the Eagles back on the road touring the nostalgia circuit… playing all the old hits of Maori unity and kaupapa Maori politics. More>>

ALSO:

Private Provision: First Social Bond To Focus On Mental Health

New Zealand’s first social bond will help around 1700 people with mental illness into work, Finance Minister Steven Joyce and Social Investment Minister Amy Adams say. More>>

ALSO:

Immigration: Short Reprieve For Nine Indian Students

A temporary hold on deportations of nine Indian students is a step in the right direction but the Government urgently needs to implement safeguards to stop further injustices to more international students, the Green Party says. More>>

EARLIER:


Megaupload Case: High Court Rules Dotcom, Co-Accused Eligible For Extradion

Internet entrepreneur Kim Dotcom and his three co-accused are eligible for extradition to the United States, New Zealand's High Court ruled... Justice Murray Gilbert upheld a decision by the District Court that there were grounds for Dotcom, Mathias Ortmann, Bram van der Kolk and Finn Batato to be extradited. More>>

ALSO:

PREVIOUSLY:

Port Hills Fire: Midday Update, Monday 20 February

• 9 homes destroyed
• 2 homes with partial damage. Damage includes things like cracked windows, heat damage.
• 3 properties with damage to other external structures e.g sheds or outbuildings More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news