Leggy 4,010 Report post Posted July 2, 2020 2 July 2020 NZTR CIRCULAR 2019/20 – No.27 RACING INDUSTRY ACT 2020 – PROVISIONS RELATING TO RACING CLUB PROPERTY The Racing Industry Act 2020 received the Royal Assent on 30 June 2020. The Act can be accessed online here or as an attachment to this circular. While most of the provisions of the Act come into force on 1 August 2020, racing clubs should be aware that provisions in the Act limiting how clubs may deal with property which comprises a racing venue came into force on 1 July 2020. In particular, section 21(1) of the Act provides that: Despite any provision to the contrary in a racing club’s constitution, the racing club must obtain the written approval of the racing code with which it is registered before— (a) transferring or vesting the fee simple estate in the land comprising a racing venue owned by the club: (b) leasing, mortgaging, giving a security interest in, or otherwise dealing with the land that comprises a racing venue owned by the club: (c) extending any encumbrances in respect of the land that comprises a racing venue owned by the club. Transactions which take place in breach of this section of the Act are likely to be invalid. NZTR acknowledges that there are a range of ‘business-as-usual’ activities undertaken by racing clubs to which section 21 of the Act applies, and that it would be undesirable, from an administrative perspective, to require that each of those activities be approved separately by NZTR. NZTR is therefore in the process of developing, in consultation with the Race Club Advisory Group, a General Approval (as permitted by section 21(2)) which will enable these activities to continue as usual. The General Approval will be circulated in due course. Issued by the Office of New Zealand Thoroughbred Racing 106-110 Jackson Street, Petone, Wellington 5012 Tel: +64 4 576 6240, Fax: +64 4 568 8866 office@nzracing.co.nz Quote Share this post Link to post Share on other sites More sharing options...
Huey 2,037 Report post Posted July 2, 2020 Best of luck to all clubs dealing with these thieves! Delta Bro, 47South, Littletramp and 1 other 4 Quote Share this post Link to post Share on other sites More sharing options...
Huey 2,037 Report post Posted July 2, 2020 Anyone know what the make up of this lot is : Race Club Advisory Group ? Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,071 Report post Posted July 2, 2020 5 minutes ago, Huey said: Best of luck to all clubs dealing with these thieves! And that's what it is aye. Huey 1 Quote Share this post Link to post Share on other sites More sharing options...
nomates 3,455 Report post Posted July 2, 2020 1 hour ago, Huey said: Best of luck to all clubs dealing with these thieves! You wouldn't mind half as much if you thought they could genuinely maximize the money , but history shows they are better at squandering than managing . Chris Wood and Huey 1 1 Quote Share this post Link to post Share on other sites More sharing options...
arjay 447 Report post Posted July 2, 2020 I see court action coming. Huey 1 Quote Share this post Link to post Share on other sites More sharing options...
TurnyTom 1,519 Report post Posted July 2, 2020 Well well, their intentions clearly announced Looks like we are in for a real ding dong Quote Share this post Link to post Share on other sites More sharing options...
Mikie 325 Report post Posted July 2, 2020 Hokitika too quick for NZTR So were a couple of other Clubs but NZTR too thick to know as yet Tough luck chaps Mikie TurnyTom 1 Quote Share this post Link to post Share on other sites More sharing options...
nomates 3,455 Report post Posted July 2, 2020 46 minutes ago, arjay said: I see court action coming. How much money could they afford to spend on litigation , they can hardly fund racing . Baz (NZ) 1 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,071 Report post Posted July 2, 2020 Probably find if they sell Avondale funds might go to a new website that works properly Baz (NZ) and Huey 2 Quote Share this post Link to post Share on other sites More sharing options...
arjay 447 Report post Posted July 2, 2020 Lawyers will get Avondale ?? Baz (NZ) 1 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,071 Report post Posted July 2, 2020 12 minutes ago, arjay said: Lawyers will get Avondale ?? Kind of shows then that if you don't want to break the law then change the law to allow you to break the law without breaking the law,you would wonder who the biggest law breakers are. Huey, Pam Robson, arjay and 1 other 3 1 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,071 Report post Posted July 2, 2020 I think even if clubs stop racing and close the asset is theirs to do what they want with it. Quote Share this post Link to post Share on other sites More sharing options...
Stables 577 Report post Posted July 2, 2020 The Clubs own nothing, at best the members do Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,071 Report post Posted July 2, 2020 Ita all well and good to get them to race at another venue(Ellerslie)but it seems they don't like racing on it too much in winter,personally I don't want to see any racecourse built on,its just the same as planting trees on good farm land,seems nothing is sacred anymore. Huey 1 Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,071 Report post Posted July 2, 2020 1 minute ago, Stables said: The Clubs own nothing, at best the members do True,they decide what's the best,if all these clubs that do sell then they should keep the coin to make them a strong club for a long time. Quote Share this post Link to post Share on other sites More sharing options...
mikenz 1,071 Report post Posted July 2, 2020 In all reality I don't care too much about Auckland but it's a situation that could be replicated in lots of cases in nz.,I'm not sure if a housing boom is likely in Waikouiti,but track could make good sheep grazing which probably is more productive than building more concrete jungles. Quote Share this post Link to post Share on other sites More sharing options...
Huey 2,037 Report post Posted July 2, 2020 I would be surprised if there are any clubs in NZ that won't fight for their courses despite the law changes. The so called process put in place is nothing more than a charade for the politicians to save face to get the legislation through. I wouldn't trust the likes of NZTR/RITA whatever they are calling themselves with a Venezuelan Bolivar, let alone believe they have a clue what to do with that sort of money. The problem with this industry is it consistently wants quick fixes instead of confronting the real issues and building a sustainable future for itself. Pam Robson, Baz (NZ), nomates and 2 others 4 1 Quote Share this post Link to post Share on other sites More sharing options...
Pam Robson 1,537 Report post Posted July 2, 2020 11 hours ago, Mikie said: Hokitika too quick for NZTR So were a couple of other Clubs but NZTR too thick to know as yet Tough luck chaps Mikie Oh, NZTR were mightily pissed with Hokitika. They delivered payback with no permit for the club this coming year, despite a successful day held at Omoto this past season. Reduces the familiar four - day circuit to three days, which will have a negative impact wrt those trainers/owners travelling from outside the Canterbury/Westland district. dock leaf, chelseacol, arjay and 2 others 5 Quote Share this post Link to post Share on other sites More sharing options...
Leggy 4,010 Report post Posted July 2, 2020 4 hours ago, Pam Robson said: Oh, NZTR were mightily pissed with Hokitika. Why were they pissed with Hokitika preserving their community asset? Will they be annoyed with the likes of Avondale doing the same thing? Huey 1 Quote Share this post Link to post Share on other sites More sharing options...
Patiti 274 Report post Posted July 2, 2020 Why is the legislation limited to land assets. Surely they could take cash and investments owned by the clubs for the common good. Quote Share this post Link to post Share on other sites More sharing options...
Whyisit 227 Report post Posted July 2, 2020 13 hours ago, Huey said: I would be surprised if there are any clubs in NZ that won't fight for their courses despite the law changes. The so called process put in place is nothing more than a charade for the politicians to save face to get the legislation through. I’m thinking along those lines to Huey .It was clear in the submissions to the select committees and their reactions as things went along. The MPs who supported the bill in the final stage through parliament were adamant that If things hadn’t been changed it would have been a no from them. I think there is an inclusion In the bill that if a club wishes to take the matter to court the governing body fronts up with the lawyers. Huey 1 Quote Share this post Link to post Share on other sites More sharing options...
Patiti 274 Report post Posted July 2, 2020 18 hours ago, Huey said: Race Club Advisory Group ? Anyone know who is on this group yet. Quote Share this post Link to post Share on other sites More sharing options...
Archer 296 Report post Posted July 2, 2020 So they can sell Ellerslie any time they wish ? Quote Share this post Link to post Share on other sites More sharing options...
Trump 2,741 Report post Posted July 2, 2020 1 minute ago, Archer said: So they can sell Ellerslie any time they wish ? Ellerslie have more money in the bank than NZR Money is power! Quote Share this post Link to post Share on other sites More sharing options...