Legislative change sought pre-election

New Zealand Thoroughbred Racing chief executive Bernard Saundry has advised the industry is a matter of weeks away from hearing back from the Select Committee following submissions on the Racing Industry Bill.

This Bill finalises the post-transition governance structure of the racing industry, creates a legislative framework to enable property to better benefit the racing industry, and enables new ways of seeking approval for betting products.

“With the racing industry bill, we are very supportive of the process the Racing Minister has implemented to have two sets of reform delivered and some new legislation in 15 months,” Saundry said.

“The advice we have got is that the Select Committee will report back by June 8 and hopefully we can have some new legislation in place on the second reform bill before the election.”

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