Election 2014 - Party Policies - Racing

Election 2014 - Party Policies - Racing

Racing

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  • Place limits on the amount of non casino gaming machine proceeds which can go to racing purposes; replace racing stakes with racing infrastructure as a legitimate purpose. (more here)

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  • Maintain the Racing Safety Development Fund – giving $1 million a year to race clubs around the country.
  • Ensure revenue from non-casino gaming machines benefits the racing industry by around $8 to $12 million a year.
  • Continue to enhance the reputation of animal welfare in the racing industry.
  • Address the issue of gambling leakage as more and more New Zealanders gamble on offshore websites, meaning our racing industry misses out on much-needed revenue.
  • Work to provide more certainty on tax rules, ensuring Inland Revenue works with the New Zealand Thoroughbred Breeders’ Association to clarify the interpretation of taxation issues. (more here)

  • Introduce a new (below Premier Meeting) category of meeting where every race will be for $15,000 minimum, with relativity across the codes.
  • Enhance employment and export opportunities by working with the industry to improve the international status of New Zealand Group 1 races to attract greater international interest.
  • Return New Zealand racing to what it was good at. Racing needs breeding programmes to re-establish New Zealand as a first tier country in racing. That means policies assisting importation of quality mares, and properly using the sire cost write down.
  • Continue to support projects and initiatives, e.g. the Racing Safety Development Fund (a contestable fund of $1.5 million per annum, matching dollar for dollar contributions from racing clubs) that enhances safety and improves the quality of facilities in the racing industry, including the safety of riders, handlers, spectators, officials and others involved in racing codes, as well as the health and safety of animals.
  • Direct IRD and Treasury to respect the spirit of the laws passed to assist racing so we do not have specious departmental interpretations of laws that are clear to the industry. (more here)

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