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

 


Increased returns to community from new gambling regulations

Increased returns to community from new gambling regulations


New regulations requiring gaming machine societies to increase the minimum they return to the community from Class 4 gaming machine (‘pokie’) takings come into effect on 4 eptember 2014, Internal Affairs Minister Peter Dunne announced today.

“The Gambling (Class 4 Net Proceeds) Amendment Regulations 2014 will increase the inimum rate of return from 37.12 per cent of gross proceeds to 42 per cent over five years, beginning in the first financial year after the regulations come into effect”, says Mr Dunne.

In the first financial year, the minimum rate of return will increase to 40 per cent of gross proceeds. In the third financial year after the regulations come into force, the minimum rate will increase to 41 per cent, and finally in the fifth year, it will increase to 42 per cent.

“Other reforms I outlined in May are subject to legislation currently before Parliament. These include new regulations that will require societies to return a minimum percentage of gaming machine proceeds in the same regional council area in which they were generated.

“These changes mean more of the proceeds derived from gaming machines, or ‘pokies’, will come back to the community to help fund a wide range of activities such as sports clubs, community events and community cultural and recreational facilities, activities and infrastructure that benefits everybody”, says Mr Dunne.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news