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Racing Industry Act 2020

Racing - Racing New Zealand, racing codes, and racing clubs - Racing codes

16: Racing codes must prepare statement of intent

You could also call this:

“Racing groups must write a yearly plan about what they will do”

You need to know about a rule for racing codes in New Zealand. A racing code is a group that organises a type of racing, like horse racing or dog racing.

Every year, before the racing year starts, each racing code must write a plan called a statement of intent. They must give this plan to the Minister. The plan must cover the coming year and the next two years.

The plan must include several things:

  1. The code’s rules, which are required by law.
  2. What the code wants to achieve.
  3. What activities the code will do.
  4. How the code will share money from TAB NZ with racing clubs.
  5. How the code will measure if it’s doing a good job.
  6. How the code will keep track of its money.

When making this plan, the racing code must talk to the racing clubs that are part of it.

After the plan is finished, the racing code must put it on their website so everyone can see it.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292047.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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Part 2 Racing
Racing New Zealand, racing codes, and racing clubs: Racing codes

16Racing codes must prepare statement of intent

  1. Before the start of a racing year, each racing code must prepare and provide to the Minister a statement of intent relating to that year and to each of the 2 subsequent racing years.

  2. The proposed statement of intent must set out, for each racing year to which it relates,—

  3. the code’s rules, as required by section 6 of the Incorporated Societies Act 1908; and
    1. the objectives of the code; and
      1. the nature and scope of the activities to be undertaken by the code; and
        1. a statement of the code’s policy for distributing funds received from TAB NZ to racing clubs registered with the code in accordance with section 19; and
          1. the performance targets and other measures by which its performance may be judged in relation to its activities; and
            1. a statement of accounting policies.

              1. In preparing its statement of intent, each racing code must consult racing clubs registered with the code.

              2. Each racing code must publish a copy of its statement of intent on an Internet site maintained by or on behalf of the code.

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