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Racing Policy
We administer the Racing Portfolio and our Policy Group provides policy advice to the Minister for Racing on related matters.
Racing Act 2003 On 1 August 2003, the Racing Act 2003 came into force. The Act:
The Racing Act 2003 is available to the public. Copies can be bought from Bennetts Government bookshops, it is available online at www.legislation.govt.nz or it can be viewed, printed or downloaded by clicking on the .pdf link below.
Other Relevant Legislation Other relevant legislation includes the Gambling Act 2003, the Gaming and Lotteries Act 1977, the Casino Control Act 1990, the Gaming Duties Act 1971, the GST Act 1985, the Income Tax Act 1994 and the Financial Transactions Reporting Act 1996. Key Racing Industry Groups Racing Industry Statutory Bodies The Racing Act 2003 governs two statutory bodies (the New Zealand Racing Board and the Judicial Control Authority). It also confers varying degrees of recognition on a wide range of other industry organisations. New Zealand Racing Board The New Zealand Racing Board (NZRB) has a dual role as both the industry's main policy body and as the provider of race and sports betting. It has a statutory responsibility to develop policies that are conducive to the economic development of the racing industry and the economic well-being of those who derive their livelihoods from racing. The key functions of the NZRB include:
NZRB membership The NZRB governing body consists of seven members, appointed by the Minister, as follows:
On 1 August 2003, the Minister announced the appointment of Julie Crengle, Alan Jackson and Anne Urlwin as the three independent members appointed on the advice of the nomination advisory panel.
Judicial Control Authority (JCA) The JCA, established in 1996, appoints all judicial panels for harness and thoroughbred race meetings, as well as judicial panels to hear non-raceday enquiries relating to the rules of racing (horse ownership issues, racehorse doping, etc). It also appoints tribunals to hear raceday and non-raceday appeals. (Greyhound judicial panels are appointed in accordance with the rules of greyhound racing). Recognised Industry Organisations Racing Codes The governing bodies of racing are New Zealand Thoroughbred Racing Incorporated (formerly the New Zealand Racing Conference), Harness Racing New Zealand Incorporated and the New Zealand Greyhound Racing Association (Incorporated). The code governing bodies are responsible for the rules of racing, and for the registration of all racing participants human, equine and canine. Only those owners, trainers, jockeys, drivers, horses and greyhounds that are licensed by the relevant racing code may participate in the industry. Racing Clubs—Galloping, Harness and Greyhound Racing clubs are permitted to run race meetings in accordance with the racing codes' rules of racing, and pursuant to betting licences issued by the NZRB. Racing clubs are generally incorporated societies. Other Recognised Industry Organisations Aside from the NZRB, JCA and the racing code governing bodies, the Racing Act 2003 confers recognition on the following industry organisations: The New Zealand Racehorse Owners' Federation, the New Zealand Thoroughbred Breeders' Association, the New Zealand Trainers' Association, the New Zealand Jockeys' Association, the New Zealand Standardbred Breeders' Association, and the New Zealand Harness Racing Trainers' and Drivers' Association. These organisations represent the interests of various industry participants. Race Betting and Sports Betting Betting turnover The table below shows race and sports betting turnover for the past six years. A number of key trends are visible:
ON-COURSE TURNOVER
Some gaming definitions: Expenditure: (gross profit) is the gross amount wagered minus the total amount paid out or credited as prizes or dividends. Turnover: is the total (gross) amount wagered by punters. It includes a 'churn' factor (reinvestment), which means that the same dollar is counted more than once. Retail network for race and sports betting The NZRB provides on-course services to 131 racing clubs at 65 racing venues. Off-course betting is available through 577 TAB retail outlets throughout New Zealand. This comprises 448 sub-agencies (pub and club outlets), including 109 self-service terminals, and 129 dedicated TAB agencies. The TAB has 110,000 active telephone betting account holders, and over 15,000 Internet betting account holders. |
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Last updated: 03/10/2003 |
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