A statewide ban on greyhound racing was rushed through the NSW Parliaments Upper House just before midnight on Wednesday, 10th of August, 2016.Photo Robert Brandolini
A statewide ban on greyhound racing was rushed through the NSW Parliaments Upper House just before midnight on Wednesday, 10th of August, 2016.Photo Robert Brandolini Robert Brandolini

Greyhound Racing NSW administrator to oversee ban

A NEW administrator for Greyhound Racing NSW has been installed to oversee the sports ban and help the industry transition to a state-wide shutdown.

Bentleys Chartered Accountants director John Gibbons has more than 40 years' experience in corporate recovery and restructuring, Racing Minister Troy Grant said in a statement.

Mr Grant said the new GRNSW was well practised in company receivership and administration, and oversaw the complex administration of New Cap Reinsurance Corporation and investigations into former insurance giant HIH, which was liquidated in 2001.

"As administrator of GRNSW, he will oversee the continuing operation of the industry until 1 July 2017 including scheduling race meetings, stewarding and compliance," Mr Grant said.  

Mr Gibbons' business plan for winding up the greyhound industry would be publicly released and provide detailed guidance on measures to manage the business and regulatory functions of the industry's closure.

He will replace interim GRNSW CEO Paul Newson. 

Greyhounds Transition Taskforce co-ordinator general Dr John Keniry continue his work in developing the transition package ahead of the July 2017 ban.

The ban passed through NSW Parliament late last month despite opposition from Labor.

-ARM NEWSDESK



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