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Key Facets of New Kiwi Racing Bill
The Racing Act 2003 of New Zealand will be repealed and replaced by the new Racing Industry Act 2019, according to NZ Racing Desk. With the passing of the Bill the Racing Industry Transition Agency (RITA) will be dissolved. TAB NZ will be established as the commercial betting operator, while administrative functions will be devolved to the three racing codes. An updated integrity system will be implemented by the new Racing Integrity Board (RIB) with appropriate independence from the industry. This will include responsibility for ensuring industry compliance with high standards of animal welfare. The refurbishment and modernisation of racing venues is required for the revitalisation of the racing industry. The Bill supports this by helping the industry to release capital from venues no longer required for racing while ensuring appropriate considerations are made to other community interests in the property. The Committee also recommended Racing New Zealand be established to enable collaboration between the codes and other industry entities for the betterment of the industry. The Racing Industry Bill will come into force on August 1.