Parliament

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

 

Racing Reform Bill passes third reading

“The revitalisation of this industry is underway,” says Racing Minister Winston Peters as the Racing Reform Bill passed its third and final reading in Parliament today.

The Bill, which comes into force on 1 July, opens the starting gate for the transition of the New Zealand Racing Industry into a financially sustainable future.

The Bill reconstitutes the New Zealand Racing Board as the Racing Industry Transition Agency, (RITA).

RITA will have a new membership and a legislative mandate to manage the changes needed to revitalise the industry as well as to carry out business-as-usual functions.
The Bill also addresses the industry’s need for additional revenue. The totalisator duty currently paid to the Crown will be phased out, with the revenue returned to the industry and a portion retained for harm minimisation.

The Bill also introduces two new charges on overseas betting operators to help ensure they contribute to the New Zealand racing and sports codes from which they benefit.
The Bill permits RITA to offer betting on a wider range of sports where an agreement is reached with Sport New Zealand.

The formula for distributing payments to sporting and racing codes will be placed into regulations, so they can be more readily changed when needed by the industry.

“This Bill is an important first step. However, while the race has begun we are still far from the finish line” says Mr Peters, who intends to introduce a second Bill later this year to build on these initial reforms.



The second Bill will establish post-transition governance arrangements and other changes deemed necessary to ensure the revitalisation of the industry.

“As a whole, these reforms serve to emphasise the value of racing in New Zealand,” Mr Peters says.

“The Racing Reform Bill lays out an opportunity to deliver real results, to grow this industry for the benefit of our regions, our communities, and our economy.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


$1m Compensation Paid: First Gun Ban Event In Christchurch

The Police Minister says the first ever firearms collection event in Christchurch over the weekend was a huge success. But Stuart Nash had concerns about whether the participation reflected the number of weapons in the region.

More than 378 people handed in 542 guns and there was a mixed reaction from firearms owners. The total compensation cost amounted to $1,022,599... More>>

 

Friends Like These: Foreign Minister To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. today for talks with senior members of the US Administration, and to attend the Ministerial to Advance Religious Freedom. More>>

ALSO:

Gordon Campbell: On The Aussie Banks’ Latest Fee Hike Excuse

When the Reserve Bank sought feedback on its plans to require the country’s major banks to raise their capital reserves then you might have expected the banks to whine and complain. And so they have. More>>

ALSO:

Sitting On Defence: Terms Of Reference For Defence Estate Review

“The 81,000 hectare Defence estate is at a crossroads; much of it is run down, and outdated,” says Ron Mark. “It needs to be improved in order to gain, train and retain our service people, now and into the future." More>>

ALSO:

Meng Foon: Retiring Gisborne Mayor To Be Race Relations Commissioner

Andrew Little: “He has an outstanding record as a relationship builder and walks comfortably in the pākehā world, the Māori world, the Chinese community and other communities making up New Zealand." More>>

ALSO:

NCEA: Students Granted Qualifications After Fees Scrapped

Almost 150,000 current and former students with unpaid NCEA fees have today been formally awarded their NCEA credits or qualifications. More>>

Medical Cannabis: Consultation On Regulations

More widespread access to medicinal cannabis products is a step closer today with the release of proposals for regulations says Minister of Health Dr David Clark. More>>

ALSO:

Surrendered Under Protection Order, Lost: Nine Firearms Held By Police Disappear

The Independent Police Conduct Authority has found multiple failings in respect of the disappearance of nine firearms which were held by Police in Auckland from 28 January 2017. More>>

ALSO:

Gordon Campbell: On New Zealand First’s Balancing Act

At this point, New Zealand First needs to more than double its current poll numbers to survive beyond Election Day, 2020… but that’s what Winston Peters is so very good at doing, once an election campaign begins in earnest... More>>

RNZ: Asbestos Court Victory Over ACC After Lung Cancer Death

The family of a woman who died of cancer caused by inhaling asbestos says their victory over ACC in the High Court is bittersweet. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels