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Everything posted by NZRacing
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The TAB must consider their customers to be degenerate punters by putting up crap like table tennis exhibition matches.
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No doubt like like year the Annual Report will be handed out to those few that attend the AGM. How wonderful is that no time for anyone to peruse the accounts so the serious questions can be answered. Transparency at it's best,what a joke. Any faith I had in RITA is sadly gone just like the NZ Racing Industry
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Sounds like the NZRB has been run by a bunch of out of control vagabonds looking after their own interest rather than the Industry who pays them.
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Is Early still on the Radio? Well past his used by date, get someone younger with more get up and go than what i remember he ever had. These guys just can't give up sucking on the you know what.
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Not long ago an Internal e-mail to senior management BP was leaked and exposed in the media which showed them up for their questionable business activities, no different re NZRB.
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Well from what I've been told he wasn't much of anything before he got the job at NZRB. Certainly not a wagering expert. Also he has been the key advisor to the CEO on the new platform and all things betting. As we know Allen doesn't know much about the wagering industry. If anyone thinks that Saville had the position he says he did at Tom Waterhouse they don't know much about the wagering business. You don't come from a non wagering background into the position he says he did that's just complete rubbish and subsequently that's why the NZRB is in trouble he has the no idea and the CEO listened to him for advice.
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30 HOURS TO THE BIGGEST COCK UP BY TAB
NZRacing replied to TIME FOR CHANGE's topic in Galloping Chat
Hit race today and Ellerslie came up but at least they added Sunday in later when someone woke up and realised its 2 days later -
The Future Of Betting Has Arrived & The Racing Industry Waves Goodbye
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With the NZRB you can sometimes collect win bets on 2 runners in
NZRacing replied to NZRacing's topic in Galloping Chat
barry I realise that the NZRB have to offer mega number of options to compete with overseas outlets, I don't have a problem with the NZRB operating more betting options to mirror overseas but don't go thinking that equates to more turnover because the huge number of more races taken compared this season to last season proves that it just doesn't happen. -
With the NZRB you can sometimes collect win bets on 2 runners in
NZRacing replied to NZRacing's topic in Galloping Chat
The $100 a week a punter bets now and if he wins yes he might turnover that amount a few times but they are already doing that with all the racing and sports options that they have available to bet on now. Racing options increasing on average 15- 20% a day hasn't helped turnover to grow in proportion to that number it actually on occasion decreases. More customers as curious says increases turnover not product numbers. -
With the NZRB you can sometimes collect win bets on 2 runners in
NZRacing replied to NZRacing's topic in Galloping Chat
Unfortunately figures don't lie and your reasoning has no factual basis to support it. -
a race even though there was no dead-heat. Hawthorne R3 Win pool: $9 Place pool: $8 Quinella pool: $3 Trifecta pool: $8 Total tote bets on race $28 Race 3 the tote paid out on the 2nd horse $3.80 as no win tickets on 1st and Fixed odds paid out on $7.50 on the actual race winner which was paying Zero on the tote. If runners 1 and 2 had of run the quinella the tote would have paid out on the 3rd placed runner for win bets. $28 bet on the race, why are the NZRB bothering taking USA races which clearly the NZ public are not interested in. Anyone taking tote exotic bets on these USA races needs their head read. Its just a desperate ploy for the NZRB to get some much needed turnover and not worrying about the crap exotic dividends that these races payout to their customers. NZ gallop turnover this year compared to same time last year is down 11 million and NZ harness racing is down 5 million. 40 race meetings to bet on yesterday compared to 31 last season for the same day and overall for the season total racing turnover is down compared to last season yet John Allen says the new Betting Platform will have thousands of more betting options to increase millions more in payout to the Industry as well as pay for the tens of millions to pay for the Platform and running of it by Paddy Power. If a punter has $100 allowance to punt in a week more races or betting sport options doesn't increase turnover, if favourites are having a bad run more betting options can actually help to decrease turnover. Poor John Allen his understanding of gambling hasn't improved from the day he started unfortunately. The above shows once again the NZ Racing Industry is in for a huge wake-up call but it may be to late as its already being put to sleep.
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where do you come up with these ill foundered statements you make to an Industry that you represent employed by an organisation who states they pride themselves on upholding integrity. Integrity is defined in part as 'truthfulness'. The 2018 Annual Report was presented by the Racing Minister last Tuesday afternoon, he was in receipt of a printed full copy including financial reports.The Minister was sent a printed copy of the full Annual Report a few days before he tabled it to the House yet last year you said the Annual Report couldn't be published before the Minister tabled documents to Parliament and as he hadn't done this prior to the NZRB AGM the financial matters relating to the Industry couldn't be presented. It's a classic case of spin doctoring to suit ones agenda, in last years case it was obviously done to keep Industry participants from asking relevant financial questions at the AGM that might be difficult to answer. Your actions 2017 verse 2018 prove that you lied to the Industry. You are quoted as saying your a serial failure employment wise. A lying failure as a CEO representing an Industry isn't a good look especially when it is in serious financial strife. You put the Industry back a few weeks last year to receive financial reports but overall your 4 year leadership has put the Industry back 10 years plus. And as for bleating about how you disagree with the Mesarra report advising of the benefits of an overseas betting agency taking over that side of the business from the NZ Industry you have already rubber stamped and endorsed the reports recommendations by outsourcing the Betting Platform operation to Paddy Power. Okay so your quoted rightly so as saying 'all we want is to substantially increase the amount of funding for the Industry'. So your sentiments and actions mirror and endorse John Messara's recommendation of outsourcing to return more funds to the Industry. Do you actually remember statements that you make in the media? With regard to Annual Reports and options to return more funds i seriously doubt you do. Guess that is one personal trait which contributes to mould one into a self confessed working failure. If you were a racehorse you would have been sacked prior to making it to training track.
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I’m a serial failure – in the sense that I have done lots that has gone wrong - sadly & unfortunately some things never change https://www.minterellison.co.nz/our-view/an-interview-with-john-allen-ceo-of-new-zealand-racing-board?fbclid=IwAR0WBVYqzAdi8McGWh3mfFT5oni2tLlqhfYOXZ06EVtdCzw3pQyh36xSwKc
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Merchant fees of 4.5 million is a concern considering it was never there a few years ago. Charging a credit card fee on your customers to deposite is a joke. You want to be on equal footing with your Australian opposition guess what not one of 4 betting agencies overseas charge me a fee. So you quiet happily sting your customers millions to help cover up your poor efforts.
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They have to be taking the piss 2017 Annual Report. The TAB is a major entertainment business with more than 190,000 TAB account-holders placing a bet this year 2018 Annual Report. The TAB is a major entertainment business with more than 230,000 active TAB account holders. RECORD CUSTOMER NUMBERS We have delivered a number of Customer and Channel initiatives which has seen the total number of active account customers betting with us during the year reach a record of 230,000, up 20% on last year. This is a phenomenal rate of growth for a wagering business that has gained the admiration of many of our international competitors So 40,000 more account holders up 20% in 12 months yeah right, its not exactly equating to any increase in racing turnover is it. The best statement in the 2018 NZRB Annual Report 'Our Values be open' ha ha best joke of the year. ANTI-MONEY LAUNDERING The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) requires that we have systems and controls in place to detect and deter money laundering and terrorism financing. Mitigating money laundering risks is not new for us. mmmm might be more to come on this one As part of its focus on harm prevention and minimisation, NZRB works with industry partners on raising awareness of problem gambling mmm might be more to come on this one also Current assets of $61.1 million have decreased by $16.7 million that's a worry especially when your bank overdraft is through the roof
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why the NZRB chose as the new Betting Platform betting partner to be Paddy Power. I have some concerns especially when the NZRB CEO states " I simply can't understand why that legislation hasn't progressed to being passed and put in place. It would benefit us by about a million dollars a month." I also wondered so to try and understand why I thought about it and some reasons possibly why are below. One aspect is disturbing and I can't believe it wasn't challenged as any senior management of a Company would be expected to by the board and shareholders. 25 NOVEMBER 2015 Speech to New Zealand Racing Board AGM by Nathan Guy Racing Minister - Of course, we’re not alone in dealing with this challenge. I was at the recent Australasian Racing Ministers’ Conference where the issue was discussed.The Australian States have dealt with the issue internally by way of racefields legislation. However, the country as a whole still faces the issue of international offshore bookmakers.The Federal Government recently announced a similar group to look at the issue, and my officials are keeping a watching brief to share lessons. The report back date for the Australian group is intended to be late December. Given that one of the main focuses on leakage involves the Australian market, it is important that our policy is consistent with theirs. John you were appointed to the Working Party just a few weeks after your appointment as CEO of the NZ Racing Board and looking back I feel you were of no use towards its intended end purpose. These are quotes from you in the media: I am a lawyer who became a postman and then a diplomat, and I’m now a sort of jockey or driver depending on which code you want to look at it through (your actually a paid servant of the NZ Racing Industry). Obviously that’s an unconventional pathway. A key driver was people asking me to do things and me being willing to say ‘yes’, even if it was a step into entirely new industries and roles for which I had no formal qualifications – this is a testament to the strength of the skills developed in the law.Legal skills can take you anywhere because they teach you to objectively assess and analyse information and to make judgements on the basis of that information. Essentially, that is what you do in any leadership role. I question your interpretation of ‘legal skills’ especially to objectively assess and analyse information. At the above speech by the Racing Minister you were present to hear him say that the Federal Government had also appointed a working party to look at international offshore bookmakers. You were a lawyer and the NZ Racing Board has lawyers based full time in the NZRB Head Office. Two years later The Australian Government's new Interactive Gambling Amendment Act stops people in Australia betting with overseas bookmakers who don't have a licence in Australia. The media reported that The New Zealand Racing Board may pursue a licence for the Australian betting market, after its customers across the ditch were banned from placing bets on the NZ TAB. The New Zealand Racing Board, which runs the TAB, said the amendment means any offshore bookmakers not licensed in Australia can no longer take bets from anyone in Australia.. The board was aware of the legislation but initially didn't think it would be affected. Once it found the law change had a broader approach, it sought legal advice, but it ended up being included under those banned. The law was changed and after this took place the NZRB sought legal advice. So the board was aware of the impending legislation but failed to act in the best interests of the Industry it serves by not seeking prior legal advice. You were previously a lawyer you have lawyers employed in the building you work in and no one thought new legislation would affect the NZRB. So basically you consider the NZRB to be above constituted law in Australia very bizarre when you knew the outcome. Remember the Racing Minister said at the AGM Given that one of the main focuses on leakage involves the Australian market, it is important that our policy is consistent with theirs. The submissions stated in 2015 all overseas bookmakers not licensed in Australia would be banned. Not hard to read between the lines is it as to what was going to happen. Spokeswoman Kate Richards said one possible avenue was for the TAB to get an Australian betting licence. The license should have been sought in 2015 when it was obvious what the final outcome would be. no license = banned. Not licensed your an illegal operator its clear enough to most.. TABCORP submission 16 November 2015 to the Impact of Illegal Offshore Wagering Review.Australian wagering operators should comply with Australian laws, offer their services responsibly and return a benefit to the community. They should do this by paying appropriate levels of tax and fees to government and the Australian sports controlling bodies and racing organisations that supply content. The NZ Working Party should never had of put forward the legislation changes re overseas bookmakers and TAB’s having to pay a fee for their customers betting on NZ sports. The Australian Government changed the law so overseas bookmakers couldn’t accept bets from punters in Australia. If NZ adopted a fee to be paid on Australian bookmakers taking bets on NZ sports games you don’t have to be that bright to know that Australia would immediately look to mirror it. Once again the Ministers words echo Given that one of the main focuses on leakage involves the Australian market, it is important that our policy is consistent with theirs. If the NZRB had of sought and received a license in Australia it would be paying Australian sports a fee. If the NZ race and sport fee legislation had gone through the Australia is coming right back at you. Responsible Wagering Australia (RWA) is the independent peak body for the Australian-licensed online wagering industry. Members include bet365, Betfair,CrownBet, Ladbrokes, Sportsbet and Unibet. Last financial year, RWA’s members directly employed 1800 Australians with a wages bill of $204.5 million. Our members paid more than $72 million in GST, $14.5 million in payroll tax and $38.5 million in corporate income tax. Additionally, RWA’s members made a substantial contribution to Australian sport and racing, paying $205 million in product fees with a further $21 million in sponsorships. This stands in stark contrast to illegal offshore online wagering providers that employ no Australians, pay no product fees to sport and racing bodies, pay no tax and directly compete with Australian-licensed operators. NZ Racing does pay Australian racing bodies but we don’t pay a fee to Australia sports. Those corporate bookmakers would not pay a fee on any bets they take on NZ sport when it isn't reciprocated NZRB paying a fee to Australian sport. From the NZ Working Party - Given the extraterritorial nature of these issues, collection of these charges would rely on voluntary compliance from offshore operators. Based on the information it collected, the Working Group considered that high levels of voluntary compliance would be likely. Do you really think those RWA members listed earlier are going to pay a sporting fee to NZ Sports when the NZRB doesn’t pay one to Australian sport. Two of those members are owned by Paddy Power eg Betfair & Sportsbet. Paddy Power who are joint partners with the NZRB and even though they pay Australian Racing a fee they don’t reciprocate that with NZ even though their local customers can bet on NZ racing product but they can’t bet with the host betting agency that funds the product to gamble on. Approximately 85 per cent of sports bets taken by the NZRB are on overseas events for which it does not pay charges to the Country’s concerned. A large proportion of that 85% is on Australian sport. John you said in the media the Industry is missing out on around 1 million a month from not receiving sport and racing fees. I doubt it would be that high an amount that the industry is missing out on. What you need to ask yourself is what will it cost the Industry to have to pay a sports fee on overseas events. Not hard to do the maths with an 85% vs 15% scenario. The NZRB should have sought a wagering license in Australia late 2015 and based an operation in Australia to compete with them just like Paddy Power did with Sportsbet. The trivial and blasé manner in which the NZRB dealt with the problem was to say in the media ‘ the main thing for customers if they are going on holiday to Australia is to place their bets before they leave’. Leave on a Tuesday and place a bet on a Saturday meeting when fields are out Wednesday, come on that’s the best you can do. John your quoted saying Legal skills can take you anywhere because they teach you to objectively assess and analyse information and to make judgements on the basis of that information. Essentially, that is what you do in any leadership role. A bad judgement call thinking Australian bookmakers would comply let alone your own new betting partner. How well did your legal skills take the NZ Racing Industry anywhere but down the garden path. Remember you represented the NZ Racing Industry on this to form part of the Racing Act changes needed. An Australian bookmaker contemplates a new Merc and a holiday to Vegas or pay that money to the NZ Racing Industry and your thinking a high level of voluntary compliance is happening? Now the concerning part your betting partner Paddy Power through its Australian betting Agencys Sportsbet and Betfair in June 2016 sent a joint submission to the NZ Internal Affairs who requested any interested parties to express their views on changes to a NZ Racing & Sports proposed fee saying: Proposal 4: A consumption fee for offshore gambling operators accepting bets from New Zealand 7. The AWC and its members are profoundly opposed to this proposal. Proposal 5: A ‘use of data’ fee for offshore gambling operators using New Zealand racing and sports information 13. The AWC and its members are opposed to this fee, which is again out of step with the approach of racing/sporting bodies around the world.The AWC also argues that the proposed fees should not proceed in the absence of effective, non-discriminatory enforcement. https://www.dia.govt.nz/diawebsite.nsf/Files/Racing-Act-consultation-submitters/$file/3-Australian-Wagering-Council.pdf Voluntary compliance is going to work when your own business and betting partner won’t comply, don’t think so. When the NZRB partnered with Paddy Power wouldn’t it commercially be expected that as this Company is paying a race fee to Australian Racing and sports then as a sign of good business faith to extend the same arrangement to a company who you have gone into partnership with. Paddy Power will be receiving an annual fee to administer the betting platform plus a % of profit. It’s a one way deal concerned about increasing dividends to shareholders in the UK not the overall viability of the NZ Racing Industry. TABCORP pay race fees to the NZ Racing Industry on a reciprocal basis and you struck a deal with a betting company who doesn't want to comply, not a good look. So if NZ was to pay Australia a fee for taking bets on their sporting codes plus a % to Paddy Power while paying the NZ Sports code the fee on turnover and profit on their individual sports it will just mean less at the end of the day for the NZ Racing Industry. The NZRB actually returned a better profit % yield than Paddy Power did last year on sports and we are told they are going to increase the NZRB profit yield. Paddy Power would rather pay a better dividend to its shareholders than to pay an Industry that helps generate it money. In no possible way should Paddy Power be involved in local or overseas racing. The NZ Industry pays fees to all concerned and to then pay Paddy Power a fee to handle this betting would be another nail in the coffin. Check Paddy Powers Annual Report online with regard to racing yield and compare it to NZRB's the results here are a lot better. 30 years the NZRB has been taking sports betting and they need an overseas company to manage their betting. All that investment from the Industry in technology and salaries over that long a period to improve knowledge and experience wasted to be hand held by someone who won't feed you.. Your quote John “ Leading an organisation is fundamentally about people: creating a strategy, and organising people to deliver that strategy”. A great strategy when its all one way money traffic with your partner. Your quote again I certainly don’t think it’s necessary to have a deep knowledge of an industry to enable you to lead effectively, although it does help to be a quick learner. What I’ve found, now in my fourth industry, is that when you come into an organisation in a leadership role and you really have no particular insight into the specifics of the industry, you are able to approach issues and challenges without the encumbrance of what are often quite limiting industry perspectives of how something might be solved. Sorry as far as the Racing Industry is concerned your dead wrong Once again “You don’t know if your idea was tried 10 or 20 years ago – and didn’t succeed for some reason.” John did you enquire as to the reason why Typhoon didn’t work and cost the industry 20 plus million? “The launch of Kiwibank was a very challenging time for me”. Challenge now for Kiwibank is deciding which outlets are to stay open. Three lessons I learned through experiencing tricky times are: · 1. Keep calm – many people react in a slightly hysterical way to that sort of pressure, and that amplifies through an organisation. I think it’s really important that when you’re in the middle of a difficult situation or crisis, you remain calm and considered to work through the issues to the best possible outcome. – You didn’t work through the Australians working Party report to the Federal Government to know the outcome if not acted on. You didn’t work through the issues for the best possible outcome when you signed a working partnership that only wants to take. And the NZ Racing Industry isn't in the middle of a crisis its fully blown. The international betting market is changing incredibly rapidly. As new technologies become available, people want to be able to bet where they are, any time day or night, on a vast range of products. No good your customers betting when they are in Australia where a lot of your sports betting is conducted. Have 200 options or 1 it won’t matter the result is zero bet. The reason is that we have neither the scale nor the balance sheet to be able to invest in the development of what might be regarded as world-leading solutions with the speed and rapidity that is required. 30 years ago NZ was a pioneer in sports betting and overseas betting countries came to see how it was developed. Now we get hand held after 30 years of knowledge and experience. When you blow a betting App by 8 million on no the balance sheet won't be able to invest. I’d also say that sometimes there’s too much focus on disruption, and businesses aren’t thinking enough about continuity – how you secure the long term continuity of a business. Yes the continuity of Australians betting into the NZ betting industry is gone. The disruption must have reached epidemic proportions. So you didn't think about continuity. One of the challenges in a highly disruptive and rapidly changing world is maintaining the threads of continuity, because in the end people do want to belong to a tribe and community that has a longer life span than two or three years. Your life span at NZRB is coming up 4 years and you failed to maintain continuity.. In the real world your biggest learning comes when you fail. The Industry couldn’t afford you to fail it was already failing. I’m a serial failure – in the sense that I have done lots that has gone wrong, but the key component for me is that I have been able to stand back up on my own feet again. No unfortunately you received a helping political hand. An Industry is failing and you appoint a person with no Industry knowledge to resolve issues and its future survival then it can’t move forward. A leader needs is to continue to be curious about the world, to be interested in new thinking and new ideas, and be able to think about how to translate those ideas into the context of the organisation. You have to talk to the people to be interested in new thinking and ideas, how many customers and people who supply the product for your organisation to bet on have you spoken to? Be curious spend a Saturday at a TAB introduce yourself, go to a training track at 5:30am be curious about the Industry.but its too late now you failed to act. I think people have to recognise that you become a much better leader if you go through these processes time and time again. Typhoon millions blown for nothing, betting App budget blown sky high by millions the process continues on into oblivion. The NZ Racing Industry doesn’t have time it has run of that along with money.. During my NZ Post years my relationship was with Jim Bolger as chair of that company. Jim is a master of asking the toughest questions: he will always ask the one question you don’t want to be asked. You might find next week more than one question you don’t want to be asked. Well at least you don't have to worry with the Racing Minister as he doesn't communicate with you. Your past Diplomatic skills let you down there sadly. The NZRB is paying Paddy Power for 5 years for operation of a betting platform along with a % of turnover and putting nothing back in. They pay it in Australia so how did they get to walk all over you? Your quote again 'the new betting platform will make our prices more equal with our Australian counterparts. No it won't if they don't pay fees like they NZ Industry has to. Its no wonder Dick Turpin & Paddy Power both hail from the British Isles. So after all the above the one question is why did the NZ Working party think Australian bookmakers would comply when some of them sent submissions to Internal Affairs who were also represented on that working party totally opposing to pay a fee. And why did you as CEO of an Organisation allow an Industry to partner with a company who doesn't and wont pay race fees and you dump the organisation that does. The Racing Minister kicked your legislation determination to the curb because he knew the implications if it went through. Allen's time at Mfat has been dogged by controversy, from a difficult restructure conducted throughout 2011, to the botched handling of the Malaysian Diplomat case, where a junior official was allowed to leave the country after being arrested and charged with attempted rape.When the details of the Malaysian case became public it emerged that Allen was completely in the dark about the case at the time until media began asking questions, despite Mfat formally urging Malaysia to waive diplomatic immunity. I certainly don’t think it’s necessary to have a deep knowledge of an industry to enable you to lead effectively, although it does help to be a quick learner. What I’ve found, now in my fourth industry, is that when you come into an organisation in a leadership role and you really have no particular insight into the specifics of the industry, you are able to approach issues and challenges without the encumbrance of what are often quite limiting industry perspectives of how something might be solved. Very hard to solve things in the dark John. I will leave you with a final quote from the NZRB CEO 'I’m a serial failure'
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John Allen could you possibly try and be a little more transparent. Producing a copy of the Annual Report on the day of the AGM is a major concern and leads one to believe that you don't want the Industry to be able to evaluate performance and efficiency of the NZRB as on the day presented at the AGM how can they possibly do this. Last year you concocted some bizarre story how you couldn't produce the Financial Reports at the AGM because the Racing Minister hadn't tabled the documents to the House. What Company or organisation goes to an AGM and doesn't produce end of year accounts? and if they did shareholders would be demanding the Board and Senior management to be sacked. You say a lot of things John like the betting platform would be ready August 1 now its the first week in December, well lets see how much later you deliver this months old commitment and how much over budget it is. You said above the 'document' needs to be tabled in Parliament by the Racing Minister let's look at the NZ Racing Act on what is actually required: 21 Annual report (1)The Board must, as soon as practicable after the end of each racing year, deliver to the Minister and each racing code a report of its proceedings and operations during that year. (2)The annual report must include— (a)the financial statements of the Board and the audit report on those statements; and (b)information on the development and implementation under section 9(1)(f) of programmes relating to problem gambling. (3)The Minister must present the report and statements to the House of Representatives not later than 6 sitting days after they have been received by the Minister You breached the Racing Act by not providing the financial statements to the codes at the AGM. Could you please advise where in the Racing Act it states that the Minister must present the documents for tabling to Parliament before the Report can be tabled to the Codes at the AGM. Why would you wait for this to happen when the Auditors signed of the years accounts on 12th October? Nothing could possibly change the accounts even after tabled in Parliament. The Act says as soon as practicable deliver to the Minister and each racing code a report that is the Annual Report not documents 'report'. Internal Affairs briefing to the Minister included Roles and responsibilities: tabling the NZRB’s Annual Report, Statement of Intent and betting rules in the House. Had to wait for it to be printed come on lets get real. The Act says as soon as practicable deliver to the Minister and each racing code a report that is the Annual Report not documents 'report'. The last 4 years Auditors signed of the end of year accounts 12th Oct, 20th Oct, 12th October & 6th October so on average 13th October. You are having the AGM on December 7th two weeks later than last year and the financial reports were signed of on average over the last four years 13th October that's nearly two months and you can't produce a copy of the Annual report to the codes prior to December 7th. Something doesn't add up John it borders on a gross incompetent performance by you as CEO to deliver what is required under the NZ the Racing Act and expected by the racing codes. The bottom line in any major company or organisation you would be sacked. If you believe that when the Racing Act says 'as soon as practicable after the end of each racing year' that over four months from the end of the season and over seven weeks from the accounts getting signed of is in line with that above NZ Racing Act requirement you are living in cuckoo land. In 2016 you could produce the Annual Reports online prior to the AGM held on the 22nd November two years later the AGM is to be held on the 7th December so 13 days later than 2016. Most company's performance improves with technology so if you could do that in 2016 there is simply no excuse not to do it this year. You say your transparent in your dealings well lets see it. So last year it was the Racing Minister used as a feeble excuse now this year the AGM is two weeks later and you still can't produce the Accounts as required by the Act. Who or what is to blame this year? I think its not hard to work out the real reason why rather than who. Wake up sheeple your getting the wool pulled over your eyes. And you wonder why the Messara report was to include the performance and efficiency of the NZRB. ps I am glad you don't deliver the post mail
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