NZR review
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@Duluth said in NZR review:
NZRPA have been on the correct side of this IMO and promises made to them have been broken. It would be interesting to see them throw their weight around
I not sure who right or wrong, don't NZRPA supposedly represent the players? Players should have a say, but as employees should they run the whole thing? I fully admit to not knowing the best way of doing iy, torn between PUs having a say and it being run by independant board.
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@Dan54 said in NZR review:
@Duluth said in NZR review:
NZRPA have been on the correct side of this IMO and promises made to them have been broken. It would be interesting to see them throw their weight around
I not sure who right or wrong, don't NZRPA supposedly represent the players? Players should have a say, but as employees should they run the whole thing? I fully admit to not knowing the best way of doing iy, torn between PUs having a say and it being run by independant board.
RPA is professional players only I think. Technically they are contractors not employees I believe.
To me, utlimately it is the PU. I think splitting off the professional side is the way to go - with a dedicated board and org structure that gets the best for the pro game. Then you can have the PU focussing on clubs.unions and developing the game.
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@nzzp professional players are employees employed by NZR under a collective agreement and loaned back to the relevant professional team(s).
I have been following this closely as a lot of it was highly relevant to other sports, particularly trying to balance the professional and amateur games. I can see the attraction of splitting off the professional game, but one issue is that profits of any separate entity would be taxed before distribution of dividends, whereas currently they are exempt because national sports bodies are usually organisations that promote amateur sport and the professional side is used to fund that.
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@Godder thanks for that.
If the PU still 'own' the pro game, but appoint a board to run as an independent business, do they still pay tax? Surely the transfer of a surplus to the parent body doesn't attract the liability as the parent body is tax-exempt.
I'm not an accountant, so terminology may be totally wrong.
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@nzzp said in NZR review:
@Godder thanks for that.
If the PU still 'own' the pro game, but appoint a board to run as an independent business, do they still pay tax? Surely the transfer of a surplus to the parent body doesn't attract the liability as the parent body is tax-exempt.
I'm not an accountant, so terminology may be totally wrong.
If it's a separate for-profit entity, the surplus would be taxable. Imputation credits on the dividends would be refunded after filing a tax return, but to avoid all tax, the entity would not be able to retain any amount from the surplus. Possibly there are other options around licensing and/or management fees but that's a good way to attract IRD's attention for an avoidance arrangement.
Appointing a separate arms-length board to run the professional game within the NZRU is fine.
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Yeah that sounds right, that's what was reported earlier.
If the original proposal was voted on as well there would be 3 options
What a mess. It should've been an up/down vote on Pilkington before any counter proposals were put forward.