NZ RIB Costs per Year.

[Chief Stipe]

From the RIB published accounts the RIB costs $16m per year.

From what I can see nearly all of that is funded from Pokies/Gaming.

Where does @Comic Dog and others get $30m from?

[curious]

It's just under $20m and currently being paid from reserves.

[curious]

From TABNZ SOI

 

Racing Integrity Board funding $19.9m;

Funding of the Racing Integrity Board from core reserves continues for FY26, allowing the extension of the Racing Rejuvenation Fund at $10.3m from forecast Class 4 net proceeds. The remainder of $2.6m will be available to qualifying entities under our sports authorised purpose.

https://cdn.sanity.io/files/3hv6m2p5/production/61d70006fd7fd888c318fbfa24fabf2fb6495557.pdf

[Chief Stipe]

9 hours ago, curious said:

Racing Integrity Board funding $19.9m;

So of that $19.9m in the 2024-25 year $8m was for personnel costs for the RIB.  The other $11m was for direct costs for compliance activities as well as maintenance costs.

So the combined salary cost for NZTR and the RIB is $16m (rounded up).  Arguably those RIB costs were split between the 3 racing codes.

I don't see much room to move in "slashing personnel costs" other than synchronising rules between the two horses codes and having set penalties.  @Comic Dog

[Chief Stipe]

8 minutes ago, Chief Stipe said:

I don't see much room to move in "slashing personnel costs" other than synchronising rules between the two horses codes and having set penalties.  @Comic Dog

Although I've always thought that it wasn't necessary for the industry to have its own testing lab and personnel.  There are other labs in NZ capable of doing the testing as well as in OZ.  Labs are expensive to maintain and equip especially if you want to keep up with new technology and techniques.