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Racing Industry Act 2020

Racing - Racing integrity system - Racing Integrity Board

49: Annual report

You could also call this:

“The Racing Integrity Board tells the government what it did each year”

You should know about the Racing Integrity Board’s yearly report. Every year, after the racing season ends, the Board must give a report to the Minister. This report talks about what the Board did during that year.

The yearly report has to include two important things. First, it needs to show the Board’s financial statements and the report from the auditor who checked those statements. Second, it has to explain how the Board kept its compliance and decision-making tasks independent.

After the Minister gets the report and the financial statements, they have to show it to the House of Representatives as soon as they can. This helps make sure that the government knows what the Racing Integrity Board has been doing.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS323211.

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

49Annual report

  1. The Board must, as soon as practicable after the end of each racing year, provide the Minister with an annual report on its proceedings and operations during that year.

  2. The annual report must include—

  3. the financial statements of the Board and the audit report on those statements; and
    1. a report on how the independence of the Board’s compliance functions and adjudicative functions has been maintained.

      1. The Minister must present a copy of the annual report and financial statements to the House of Representatives as soon as practicable after receiving the report and statements.