❓ Hon Colin Holt questions the Minister for Racing and Gaming regarding revenue streams for Racing and Wagering Western Australia (RWWA), including race field revenue, point-of-consumption tax revenue, and WA TAB profits. The Minister provides some figures from previous annual reports and budget estimates, but defers some data until the next RWWA annual report.
AnsweredQoN 609Legislative Council
QuestionView source ↗
RACING AND WAGERING
WESTERN AUSTRALIA — REVENUE
609. Hon COLIN HOLT to the minister representing the
Minister for Racing and Gaming:
I refer to the well-timed
announcement of increased distributions by Racing and Wagering Western Australia
on its own radio station this morning.
(1) Please
provide the race field revenue for 2014–15, 2015–16, 2016–17,
2017–18 and 2018–19 to date.
(2) Please provide the point-of-consumption tax revenue
returned to RWWA since the introduction of the tax.
(3) Please
provide the revenue to RWWA as profit from the WA TAB for 2014–15, 2015–16,
2016–17, 2017–18 and 2018–19 to date.
WESTERN AUSTRALIA — REVENUE
609. Hon COLIN HOLT to the minister representing the
Minister for Racing and Gaming:
I refer to the well-timed
announcement of increased distributions by Racing and Wagering Western Australia
on its own radio station this morning.
(1) Please
provide the race field revenue for 2014–15, 2015–16, 2016–17,
2017–18 and 2018–19 to date.
(2) Please provide the point-of-consumption tax revenue
returned to RWWA since the introduction of the tax.
(3) Please
provide the revenue to RWWA as profit from the WA TAB for 2014–15, 2015–16,
2016–17, 2017–18 and 2018–19 to date.
AnswerView source ↗
I thank the member for the question.
The following information has been provided to me by the Minister for Racing and
Gaming.
Specific trading performance figures
requested for 2018–19 will be made available upon the publication of
the RWWA annual report.
(1) As taken from
previous RWWA annual reports, the figures are: 2014–15, $43.2 million;
2015–16, $48.7 million; 2016–17, $54 million; and 2017–18,
$58.4 million.
(2) As per the
state budget Treasury estimate for part year of $9.3 million, it is currently
on track to meet that figure. The point-of-consumption tax commenced on 1 January
2019 and it should be noted that, as a new tax, the flow of receipts is, at
present, not regular or reliable given that there are no comparative prior
periods to refer to.
(3) As taken from the RWWA annual report, the margin
on turnover figures are: 2014–15, $364 358; 2015–16, $357 242; 2016–17, $341 116; and 2017–18, $347 909.
The following information has been provided to me by the Minister for Racing and
Gaming.
Specific trading performance figures
requested for 2018–19 will be made available upon the publication of
the RWWA annual report.
(1) As taken from
previous RWWA annual reports, the figures are: 2014–15, $43.2 million;
2015–16, $48.7 million; 2016–17, $54 million; and 2017–18,
$58.4 million.
(2) As per the
state budget Treasury estimate for part year of $9.3 million, it is currently
on track to meet that figure. The point-of-consumption tax commenced on 1 January
2019 and it should be noted that, as a new tax, the flow of receipts is, at
present, not regular or reliable given that there are no comparative prior
periods to refer to.
(3) As taken from the RWWA annual report, the margin
on turnover figures are: 2014–15, $364 358; 2015–16, $357 242; 2016–17, $341 116; and 2017–18, $347 909.
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