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Bit Of A Yarn

Racing Reform gives us another Board?


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7 minutes ago, Chief Stipe said:

If I'm reading the proposed changes correctly the racing industry ends up with yet another Board.

RITA will be split into two organisations - Racing NZ and TAB NZ.  Each will have a Board.

Plus NZTR, HRNZ, GRNZ, RIU.

Things just go from bad to worse..... 

Give them long enough there will be more boards than horses or participants .

  • Haha 2
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Further:

7A Racing New Zealand established
This section establishes Racing New Zealand—
(a) as a consultative forum for the racing codes; and
(b) to perform the functions and exercise the powers described in section
7B.
7B Functions of Racing New Zealand
The functions of Racing New Zealand are—
(a) to act as a consultative forum for the racing codes to facilitate the discussion
of issues affecting all racing codes and the adoption of common
positions on those issues:
(b) to represent the racing codes in relation to negotiations, interactions with
other bodies under this Act, and other matters, with the agreement of the
racing codes:
(c) to perform or exercise any of the functions and powers that can be performed
or exercised collectively under this Act and are delegated to the
consultative forum by the racing codes under section 7D.
7C Servicing and funding of Racing New Zealand
(1) Administrative services for Racing New Zealand must be provided by the racing
codes.
(2) The services must be provided—
(a) by each racing code for a fixed period on rotation between each code; or
(b) by any other manner agreed by the racing codes.
(3) The operations of Racing New Zealand must be funded by the racing codes, in
a manner determined by agreement between the codes.

7D Delegation of powers and functions and powers by racing codes
(1) The racing codes (acting jointly) A racing code may delegate in writing any of
their its functions or powers that can be performed or exercised collectively
under this Act to Racing New Zealand.
(2) A delegation under this section—
(a) may be subject to any conditions imposed by the racing codes; and
(b) is revocable at any time, by notice in writing.
(3) Racing New Zealand must not delegate any power or function delegated to it
by the racing codes function or power delegated to it under this section to any
other person or organisation.
7E Membership of Racing New Zealand
(1) The board of Racing New Zealand comprises—
(a) 1 member appointed by New Zealand Thoroughbred Racing Incorporated:
(b) 1 member appointed by Harness Racing New Zealand Incorporated:
(c) 1 member appointed by New Zealand Greyhound Racing Association
Incorporated:
(d) 2 members who are independent of the racing codes and who are appointed—
(i) by the racing codes (acting jointly); or
(ii) if the racing codes are unable to agree on who to appoint, by the
Minister.

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Interesting the new process of determining the distribution of TAB NZ profits.

1.  A commercial agreement between TAB NZ and each code or all codes;

2.  Or decided by Racing New Zealand;

or if no agreement (the odds seems stacked against Harness and Dogs) - 

3.  Decided by the Minister!

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