Guidelines For Net Proceeds

NZRB is a Class 4 operator that mainly applies net proceeds for its own Racing Authorised Purposes, either itself or through the Codes (as defined in the Racing Act 2003).

NZRB has determined that at least 80% of its net proceeds shall be applied to Racing Authorised Purposes. NZRB also distributes net proceeds to the community, in accordance with its Sports Authorised Purpose.

NZRB has determined that up to 20% of its net proceeds shall be distributed to its Sports Authorised Purposes. NZRB reviews its criteria, method, systems and policies for the application and distribution of net proceeds at least annually.

Guidelines of application by NZRB of net proceeds to Racing authorised purposes

Distribution by NZRB of net proceeds to Sports authorised purposes

Eligibility and Prioritisation Policy for Distribution of Class 4 Net Proceeds

 

G.S.T Guidelines

If an applicant is GST registered, only the GST exclusive amount can be funded (as GST is not a real cost to the organisations).

Retrospective Applications Will Not Be Approved

All grants must be applied to specific and future purposes. That is, a Grant Application must be received by and processed before the actual event is held and all unpaid future costs will be considered. Applications must be received at least six weeks prior to the event for our processing purposes. A valid application contains all the required documentation as outlined in the checklist contained within the Grant Application form.

Complaints Process

All complaints must be made in writing and posted to:

Gaming Team
New Zealand Racing Board
P O Box 38899
Wellington Mail Centre
Lower Hutt 5045

All complaints received will be investigated by the Head of Retail and Gaming and referred to the Board for prompt resolution (if required). If a satisfactory resolution cannot be achieved, independent mediation will be sought to resolve any outstanding issues.

Grant Information

All applications are subject to availability of funds and compliance with the Authorised Purposes statement. Completion of an Grant Application form does not constitute approval of the request for funds or, if approved, does not mean that further payments to the same recipient or for the same purpose will be approved in the future.

The Grant Application form must be completed by the applicant only.

TAB operators cannot make any decisions or recommendations about applications and cannot receive completed Grant Application forms. These must be forwarded directly to us by mail to:

Gaming Team
New Zealand Racing Board
P O Box 38899
Wellington Mail Centre
Lower Hutt 5045

Please note:

  • Photocopied, faxed or scanned copies of applications will not be accepted
  • Grant Application Forms downloaded from this website will be accepted

 

Print a Grant Application form

Annual Review Of Grants Process

The New Zealand Racing Board started its Class 4 gaming operations on 8 August 2011. The annual review of the current criteria, methods, systems and policies that have been implemented when considering the distribution of the net proceeds from Class 4 gambling at their venues will be reviewed annually.

Net Proceeds Meeting Dates

All applications must be received by the New Zealand Racing Board by 5pm on the final received date in order for the application to be considered at the next Net Proceeds Committee Meeting. Applications not received by this date will be deferred until the next meeting.

The 2017 Net Proceed Meeting dates:

2016 MEETING DATES FINAL RECEIVED DATES*
28 September 2017 1 September 2017
23 November 2017 27 October 2017

*Application close 5pm on the 'Final Received Date'. Applications that are received after the 'Final Received Date' are unlikely to be considered for the meeting, and automatically placed into the next scheduled meeting. Photocopied, scanned or faxed applications will not be accepted. It is recommended that all original documentation be couriered if it has not been mailed at least one week prior to the 'Final Received Date'. 

*All documentation should be couriered if it has not been mailed at least one week prior to the Final Received Date. Applications that are received after the Final Received Date are unlikely to be considered for the meeting.

For information regarding Net Proceeds Meeting dates, please contact the Gaming team on (04) 576 6999.

Yearly Distribution 2016
NZRB Distribution Notice – Aug – July 2016

Yearly Distribution 2015
NZRB Distribution Notice – Aug – July 2015

Yearly Distribution 2014
NZRB Distribution Notice – Aug – July 2014

Yearly Distribution 2013
NZRB Distribution Notice – Aug to July 2013

Six Months Ended 08 February 2012
NZRB Distribution Notice – Aug to Feb 2012

Yearly Distribution 2012
NZRB Distribution Notice – August to July 2012