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Racing Industry Act 2020

Racing - Racing integrity system - Racing Integrity Board

47: Board must prepare statement of intent

You could also call this:

“The racing board makes a yearly plan to show what it will do”

The Racing Integrity Board has to make a plan every year. This plan is called a statement of intent. You need to make this plan before the racing year starts. The plan must cover the upcoming racing year and the two years after that.

In this plan, you have to explain what you want to achieve. You also need to say what kind of work you’ll be doing. You have to set goals for yourself and explain how you’ll know if you’ve done a good job. Lastly, you need to say how you’ll keep track of your money.

Before you give this plan to the Minister, you have to talk to the racing codes and TAB NZ. These are important groups in the racing world.

After you give the plan to the Minister, they have to show it to the House of Representatives as soon as they can. The House of Representatives is where the country’s laws are made.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS292093.

Topics:
Money and consumer rights > Gambling Business > Industry rules
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Part 2 Racing
Racing integrity system: Racing Integrity Board

47Board must prepare statement of intent

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

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

  3. the objectives of the Board:
    1. the nature and scope of the activities to be undertaken:
      1. the performance targets and other measures by which its performance may be judged in relation to its objectives:
        1. a statement of accounting policies.

          1. Before providing a statement of intent to the Minister, the Board must consult each of the racing codes and TAB NZ.

          2. The Minister must present a copy of the statement of intent to the House of Representatives as soon as practicable after receiving the statement.