Australian racing expert John Messara is to review the New Zealand racing industry’s governance structures and provide recommendations on future directions for the industry.

“Racing is a significant industry creating $1.6 billion to GDP annually, it employs up to 50,000 people and has many passionate supporters,” Racing Minister Winston Peters said.

“However, it is vital an assessment is conducted on whether the industry is meeting its full financial potential and whether its governance arrangements are top heavy.

“For this reason, it is pleasing Mr Messara has agreed to conduct a strategic review to provide advice to the Government.

“Mr Messara is considered one of Australia’s most successful racing administrators. As chair of both Racing New South Wales and Racing Australia, he led reforms to increase and secure long-term revenue.

“His review will also assist the government in determining if the current Racing Act 2003 and the proposed Racing Amendment Bill are fit for purpose.”

Messara will start the review later this month and produce a report by mid-year.