Northern Territory Racing and Wagering Commission Implements New Code of Conduct to Address Industry Links and Enhance Transparency
The Northern Territory Racing and Wagering Commission (NTRWC) has decided to stop accepting gifts from betting companies while they work on establishing a new code of conduct. This decision comes after reports that the NTRWC chair had accepted corporate hospitality from bookmakers. The new code of conduct aims to provide a formal framework for managing hospitality to ensure independence and transparency.
The NTRWC commissioners have announced that they will no longer accept hospitality invitations from betting companies. Chair Alastair Shields mentioned that the commission is in the process of developing a draft code of conduct to reinforce ethical standards. This code will build on existing integrity and oversight frameworks, such as the Racing and Wagering Act 2024 and the NT government board handbook.
The NTRWC has become the de facto regulator for online wagering in Australia, with 43 betting companies licensed in the Northern Territory. The low taxes and perceived weak regulation in the NT have attracted bookmakers to set up their operations there. Following revelations of industry links involving current and former NTRWC commissioners, the commission has faced criticism for delays in handling complaints and questions about its effectiveness.
In response to these concerns, the NT government claimed to have strengthened oversight and integrity frameworks at the commission earlier this year. However, requests for evidence to support these claims went unanswered for a month. Chair Alastair Shields has now confirmed that the commission is working on its code of conduct, which will address conflicts of interest, gifts, and benefits.
The NT Department of Tourism and Hospitality is conducting a review of the commission, focusing on conflicts of interest, gifts, and eligibility requirements for commission members. Key findings from the review will be shared with the public in the new year. Despite calls for a parliamentary inquiry into the laws governing the NTRWC, the Racing Minister has declined to establish one. Independent politician Justine Davis has urged for an independent inquiry to be set up to address these issues.
In conclusion, the NTRWC's decision to stop accepting gifts from betting companies and work on a new code of conduct reflects their commitment to transparency and ethical standards. The ongoing review of the commission's operations and the development of the code of conduct aim to address concerns about conflicts of interest and ensure the integrity of the regulatory body.