New Zealand Thoroughbred Racing (NZTR) and Harness Racing New Zealand (HRNZ) advise that a joint Memorandum of Understanding (MOU) was provided to TAB NZ and the TAB NZ Advisory Committee on Friday, 5 June.

The MOU outlines a shared commitment to working collaboratively on potential industry reform and provides a framework for further engagement between the parties.

The MOU does not commit any party to implementing specific reforms, funding arrangements, asset transfers or structural changes. Any such matters would be subject to consultation and consideration by the relevant boards and any separate agreements that may be required.

NZTR and HRNZ look forward to continuing constructive engagement with TAB NZ and the Advisory Committee.