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Bit Of A Yarn

It's crunch time for Minister Peters


Weasel

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There is a very interesting and informative article on Brian de Lore's website  www.theoptimist.co.nz. I recommend all BOAYERS read it if they want the 'big picture' of what Winston is up to here. He says all the right things. But talk is cheap and we've waited many moons for the new government to do something significant.

In essence, though, this is the month for specific action to be communicated to the industry - and Winston is saying get ready for important info to be announced before Budget Day, 29 May.

Given the appalling recent half-yearly report from Allen and Co, and the ongoing problems with the underwhelming and over-pricy new website, there had better be a truckload of good news and $$ committed to the industry, starting in this year's Budget...and I fully expect heads will roll and certain talking heads to be 'gone by lunchtime' (July?) as RITA takes over - hopefully with 2 new appointees who have a thorough and profound knowledge of our racing industry.

 

 

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  • 2 weeks later...

Holy underpants...you're not right!

MMP makes a targeted faction like the Racing Industry very strong indeed...and Winn hung his Y Fronts on the Racing Faction getting him more power...

And what a great Deputy he is...took Hoskings apart yesterday...limb by limb

If he was to rush everything through he'd be sent to purgatory by the finicky Racing Mafia though....

All the ticking and crossing need doing...and Rita's doing it...

A total master stroke employing Deano Mak as well...only Reefton could be so ignorant to ask "wtf is he"?

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De Lore gets an embargoed copy of Winn's sensational ground breaking Friday Karaka speech today...

Brain will dissect it piece by bit ready for publication Friday!

With the permanent demise of The Informant, his site and BOAY will become critical mouthpieces for the Thoroughbred Industry...

http://www.theoptimist.site/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

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Fantastic announcement Cambridge gets the first Artificial Track....

....huge numbers in training on a track that just can't cope anymore...also transferred meetings to race there....

Great investment for the future for the provinces...

 

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Where does it say this ??

5 hours ago, Thomass said:

Fantastic announcement Cambridge gets the first Artificial Track....

....huge numbers in training on a track that just can't cope anymore...also transferred meetings to race there....

Great investment for the future for the provinces...

 

 

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Racing Minister Winston Peters has announced a repeal of the betting levy (racing totalisator duty) currently paid by the racing industry to the Crown.

Mr Peters made the pre-Budget announcement when opening the Karaka May sales auction in Auckland today.

The Minister announced that payment of the levy to the Crown will be phased out over a three-year period, with freed-up funds to be redirected to the racing and sports sectors. The betting levy represents 4 percent of betting profits which amounted to $13.9 million in 2018.

"Redirecting the betting levy is a step towards revitalising of the racing industry. It was a recommendation of the Messara review of the racing industry, and was endorsed by the Ministerial Advisory Committee (MAC)," said Mr Peters.

"The funds will be redistributed to the racing Codes and Sport New Zealand, with a proportion set aside to support the reduction of gambling harm.

"This change will provide an important source of revenue for industry investment decisions," Mr Peters said.

"The racing industry plays a vital role in the New Zealand economy, having contributed $1.6 billion to the economy in 2016/17 whilst employing tens of thousands of New Zealanders, many of them young, and boosting New Zealand’s exports.

"It is important that the industry is revitalised and placed on a sustainable footing for the future. Redirecting the betting levy funds is only one of a number of steps the government is undertaking," Mr Peters said.

Last month the Minister also announced a Government agreement to a stepped response to the Messara Report, introducing two new pieces of legislation to bring new governance arrangements and other sources of industry revenue.

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18 minutes ago, Kihikihi Kid said:

Where does it say this ??

 

 
 

Cambridge will be the home of New Zealand's first synthetic horse racing track with a near $7million grant from the Government's Provincial Growth Fund.

The Herald understand Minister for Racing Winston Peters could announce the approval for the new track surface as early as tomorrow when he opens a thoroughbred sale at the Karaka sales complex at 9.45am.

It is believed the PGF will provide around half of the around $13million needed to build a synthetic, or all-weather, track over the next year which can be used for racing minor meetings but more importantly for training and trialing racehorses.

The Cambridge training track is New Zealand's largest racehorse training facility with the horse racing industry a huge employer in the area. 

But New Zealand's wet winters and the up to 1200 horses that use the current training facility in spring have created enormous wear and tear on the main grass surface there and can affect trainer'sability to prepare their horses.

The racing industry, from trainer to punters, have also been crying out for a more consistent and safe racing surface in winter when extremely wet tracks and cancellations of meeting have cost the industry tens of millions of dollars.

The synthetic track mooted for Cambridge would replace the main grass track used there at the moment for training and trials with a track that isn't affected by the weather.

The Herald understands one of the key factors in the PGF agreeing to the grant was that the new track could also be used for race meeting, not just training and trialing horses.
That would make it the first synthetic racetrack in New Zealand.

Synthetic tracks are popular in many overseas racing jurisdictions and have recently become more common in Australia but are viewed as alternate options to the usual grass surface for thoroughbred racing.

But with Waikato being the hub of New Zealand racing, a synthetic track could provide a regular venue for the less glamorous mid-week meetings, which often attract small crowds but are crucial for turnover and giving horses racing opportunities. 

The Cambridge track presently has limited public facilities but even a small, clubhouse-like area with a viewing platform could suffice for minor meetings, where the main audience is the punters who watch the races on television both here and overseas.

Work on the synthetic track is unlikely to start this winter but expectations are it should be in place by next year.

Cambridge was one of three areas mooted for synthetic tracks in New Zealand, with others potentially at Palmerston North and in Christchurch.

The synthetic tracks and their ability to provide sustainable racing are one of the key initiatives signalled by Mr Peters in his role as Minister for Racing.

He also commissioning a broad-ranging report into the future of the industry, the Messara report.

The logistics, practicalities and in some cases legalities of that report are currently being investigated by a Ministerial Advisory Committee who will make recommendations on the future direction of the industry.

 
Edited by Thomass
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Ok sounds like it's a Treasury problem Winn has...its all in the pot though and awaiting a few ticks here and there...

Dean Mak will be all over this...stay strong possoms...the tax break is enormous news...roll around in that filthy lucre and be happy

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13.9 mill - 14.0 mill - shared between 3 codes and sports PLUS a fund for reducing gambling harm.....not going to be much to get excited about.

How much for galloping, 3 - 4 mill ?

Dont wish to be ungrateful....but what the hell will that achieve?

Just another taxpayer subsidy.

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4 hours ago, Fred said:

No Freda -it's not a subsidy, it is an unwarranted tax that is being removed.Not as unfair as churches operating businesses and not paying any tax.

Unwarranted tax or subsidy - call it what you will.

I must be missing something because I can't see how it is the panacea required for NZ racing. Even as a first step, it seems to be relatively insignificant, not something to be pinning your hopes on in regard to meaningful change.

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7 hours ago, Fred said:

No Freda -it's not a subsidy, it is an unwarranted tax that is being removed.Not as unfair as churches operating businesses and not paying any tax.

What a good post fweddy!

Who doesn't like a good Santarium product..

...for the tax free proceeds promoting the Millerites who undoubtedly did a good milling of grain..hence a good Oat starts the day off well for both human and horse alike...

...unfortunately for the Millerites...the second coming didn't come in 1844 and they're still waiting...hence the need for tax free status to enable them all to wait around for a real second coming...maybe another 1000 years??  Wtf knows?

Anyway the Racing Industry was turned into special status when the Casino Industry came to town to destroy the local neighbourhoods....

Why destroy the Racing Industry...and all of those associated industries for the multi national Casino conglomerates to siphon profits out of the country...in the name of freedom??

It don't make sense

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